Law sets Henderson State University spending limits for 2026–2027

Henderson State University may spend up to the listed amounts for employee pay, campus operations, and other listed purposes. Both funding sources cover employee pay and operations. The cash-fund limits also include $20 million for building improvements and $10 million for debt payments. Actual spending cannot exceed either the authorized amounts or the money legally available. The university must follow applicable state purchasing, budgeting, and spending rules. These spending limits apply to the fiscal year ending June 30, 2027.

The law sets employee limits and maximum pay rates for Henderson State University. The limits cover university administrators, teachers, and campus staff. Listed pay rates are ceilings, not promised salaries. Temporary or part-time employees may be hired when needed and paid from money authorized for that purpose. Their pay cannot exceed the applicable rates in this law or the state's employee pay law. The employee and pay limits apply to the 2026–2027 fiscal year.

Henderson State University must make scheduled payments on its fiscal year 2020 state loan and report its status each year. The payments repay the university's fiscal year 2020 loan from the Budget Stabilization Trust Fund, a state fund. The university may use any of its funds that can legally pay the debt. The Legislative Council, or the Joint Budget Committee while the legislature is in session, receives the reports and may adjust payment amounts or dates after reviewing the loan's status. The schedule lists December 1 payments each year from 2025 through 2030. Reports are due by June 30 each year. This section expires when the university makes its final payment.