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AR SB637
Bill
Status
4/23/2025
Primary Sponsor
Jonathan Dismang
Click for details
AI Summary
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Amends Arkansas Code 19-5-401 and 19-5-402 to establish maximum revenue allocations for fiscal year 2025-2026 and thereafter, with total Allocation A funds of $6,493,998,981
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Allocates $2,484,597,398 to the Public School Fund, including $2,443,582,431 for the Division of Elementary and Secondary Education
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Provides $1,858,775,310 to Department of Human Services accounts, with $1,402,725,705 designated for DHS Grants and $139,733,393 for Children and Family Services
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Distributes funds across 46 institutions of higher education, with the largest allocations to University of Arkansas ($136,032,727), UAMS ($93,012,881), and Arkansas State University ($62,862,957)
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Declares an emergency effective July 1, 2025, to ensure no lapse in state government services at the start of the fiscal year; approved April 22, 2025
Legislative Description
To Amend The Revenue Stabilization Law; And To Declare An Emergency.
Last Action
Notification that SB637 is now Act 1018
4/23/2025