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AR SB329
Bill
Status
5/1/2023
Primary Sponsor
Linda Chesterfield
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AI Summary
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Appropriates $4,000,000 to the Department of Education - Division of Higher Education for grants and scholarships to Historically Black Colleges and Universities for the fiscal year ending June 30, 2024
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Allocates funds for personal services and operating expenses related to outreach programs designed to promote awareness of HBCU scholarships
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Requires the State Chief Fiscal Officer to transfer $4,000,000 from the General Revenue Allotment Reserve Fund to the Higher Education Grants Fund Account upon the act's effective date
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Directs all fund disbursements to comply with State Procurement Law, General Accounting and Budgetary Procedures Law, Revenue Stabilization Law, and other applicable fiscal control laws
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Declares an emergency effective July 1, 2023 to ensure immediate funding availability for HBCU grant operations
Legislative Description
An Act For The Department Of Education - Division Of Higher Education - Historically Black Colleges And Universities Grants And Expenses Appropriation For The 2023-2024 Fiscal Year.
Last Action
Sine Die adjournment
5/1/2023