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AR HB1833
Bill
Status
4/13/2023
Primary Sponsor
Lane Jean
Click for details
AI Summary
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Repeals the Higher Education Institutions Performance Fund and the Riverside Vocational Technical School Fund Account as obsolete provisions under Arkansas Code Title 19, Chapter 5.
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Repeals the School-Age Children Eye and Vision Care Fund, transferring any remaining funds to the Division of Elementary and Secondary Education Public School Fund Account for school-based health centers.
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Establishes revenue allocation percentages for fiscal year 2023-2024 and thereafter, with Allocation A distributing up to $6,009,462,852 across education, human services, government, and higher education funds.
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Establishes Allocation B distributing up to $192,648,539 in remaining general revenues to supplemental accounts for education, corrections, military, and higher education institutions.
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Declares an emergency effective July 1, 2023, to ensure fiscal law changes take effect at the beginning of the fiscal year.
Legislative Description
To Amend The Revenue Stabilization Law; And To Declare An Emergency.
Last Action
Notification that HB1833 is now Act 853
4/13/2023