SB88 Summary

• Reappropriates balances from prior-year capital improvement appropriations for Arkansas institutions of higher education, effective July 1, 2018

• Distributes funds across eight public university systems for construction, renovation, maintenance, equipment, and critical/deferred maintenance projects totaling over $150 million

• Allocates funds from General Improvement Fund for major projects including engineering buildings, science centers, HVAC system renovations, and technology infrastructure upgrades at all major state universities

• Reappropriates smaller amounts from Arkansas Natural and Cultural Resources Grant and Trust Fund for historic site preservation and restoration projects at multiple institutions

• Requires compliance with state purchasing law and fiscal control regulations; funds cannot supplement general operations budgets and must be used for stated purposes per budget manuals and legislative records