HB1266
An Act For The Henderson State University Appropriation For The 2025-2026 Fiscal Year.
AI-Generated Summary
This bill, House Bill 1266, appropriates funds for Henderson State University for the fiscal year ending June 30, 2026. It outlines maximum salaries and employee numbers for various administrative, educational, and auxiliary positions. The bill also details appropriations for regular salaries, extra help, personal services matching, and maintenance and general operations from state and cash funds. Specific appropriations include those for capital outlay, funded depreciation, community education centers, and contingency funds. A significant portion of the bill addresses the repayment of a loan taken by Henderson State University from the Budget Stabilization Trust Fund in fiscal year 2020. The repayment plan involves scheduled payments through December 1, 2029, with provisions for modification by the Legislative Council or Joint Budget Committee. The bill also emphasizes compliance with various state fiscal control laws and regulations. An emergency clause is included, stating the act is necessary for the immediate operation of the university.
Potential Impact Analysis
Who Might Benefit?
The primary beneficiaries of this bill are Henderson State University as an institution and its employees. The university will receive significant appropriations to cover personal services, operating expenses, and capital improvements, enabling its continued operation and the provision of educational services. Employees, including faculty and staff across various departments such as administration, IT, student services, and auxiliary enterprises, will benefit from the appropriation of funds for their salaries and wages. The Budget Stabilization Trust Fund will also benefit from the scheduled repayment of the loan by Henderson State University.
Who Might Suffer?
This bill is primarily an appropriation measure and does not appear to directly negatively impact any specific groups or entities. The provisions for repayment of a past loan from the Budget Stabilization Trust Fund indicate a financial obligation for Henderson State University, which could indirectly affect its operational flexibility if funds are constrained by this repayment. However, the bill itself is structured to provide funding rather than impose new direct burdens or penalties on external parties.