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AR HB1707
Bill
Status
4/27/2011
Primary Sponsor
Duncan Baird
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AI Summary
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Appropriates $125,000,000 to the Department of Finance and Administration - Disbursing Officer for the Arkansas Rainy Day Fund from the General Improvement Fund
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Prohibits awarding contracts or incurring obligations in excess of State Treasury funds actually available, though agencies may accept grants, donations, and Federal funds to supplement the appropriation
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Requires strict compliance with State Purchasing Law, General Accounting and Budgetary Procedures Law, Revenue Stabilization Law, and other applicable fiscal control laws in fund disbursement
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Directs that funds disbursed must comply with stated reasons for the Act's adoption as evidenced in budget manuals, letters, and official legislative minutes
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Declares an emergency effective July 1, 2011, citing constitutional restrictions on multi-year appropriations and the necessity for immediate agency operations
Legislative Description
An Act For The Department Of Finance And Administration - Disbursing Officer - Arkansas Rainy Day Fund General Improvement Appropriation.
Last Action
House Died in House Committee at Sine Die adjournment.
4/27/2011