HB1348 Summary

• Appropriates funding from the General Improvement Fund to 24 Arkansas higher education institutions for capital improvement projects, including construction, renovation, technology upgrades, and deferred maintenance.

• Allocates $2-3.5 million to major projects such as workforce training centers, IT data centers, occupational technical centers, health and wellness centers, and aviation facilities across various colleges and universities.

• Includes funding for smaller maintenance and equipment upgrades ranging from $25,000 to $1.1 million per institution, covering deferred maintenance, equipment replacement, and library holdings.

• Requires institutions to comply with state purchasing laws, budgetary procedures, and revenue stabilization laws; allows institutions to supplement state funds with grants, donations, federal funds, and unobligated cash income.

• Effective July 1, 2015, with emergency clause declaring the immediate appropriation essential to institutional operations.