AR SB570

Appropriates $1,000,000 to the University of Arkansas for Medical Sciences from the General Improvement Fund for the Reynolds Institute on Aging CARES Program operating expenses, equipment, maintenance, construction, and improvements.

Allows the university to accept and use grants, donations, Federal funds, and unobligated cash income to supplement state appropriations for the project.

Requires strict compliance with state purchasing, accounting, budgetary procedures, revenue stabilization, and fiscal control laws in disbursement of appropriated funds.

Declares an emergency effective date of July 1, 2011, citing the constitutional prohibition on appropriations exceeding one year and the need for immediate operation of the program.