HB 1322 Summary

• Appropriates $2,375,563 to the University of Arkansas - Arkansas Biosciences Institute for fiscal year 2013-2014, including $480,000 for regular salaries, $75,000 for personal services matching, $800,000 for operating expenses, and $1,020,563 for capital outlay.

• Appropriates $2,415,432 to the University of Arkansas - Division of Agriculture - Arkansas Biosciences Institute for fiscal year 2013-2014, including $1,356,100 for regular salaries, $359,332 for personal services matching, $380,000 for operating expenses, $40,000 for conference and travel, $100,000 for professional fees, and $180,000 for capital outlay.

• Funds are to be paid from the Arkansas Biosciences Institute Program Account of the Tobacco Settlement Fund.

• Permits transfer of appropriations between line items within each appropriation only with approval from the Department of Higher Education, Chief Fiscal Officer of the State, and Legislative Council.

• Declares no state commitment to continue funding positions paid from Tobacco Settlement funds if those funds become insufficient, and prohibits use of state funds to replace expired Tobacco Settlement funds unless separately appropriated and authorized by the Governor.