AR SB651

Appropriates $125,000 to the University of Arkansas - Arkansas School for Mathematics, Sciences, and the Arts from the General Improvement Fund for construction, renovation, equipment, personal services, maintenance, and operation expenses.

Restricts contract awards and obligations to State Treasury funds actually available, but allows institutions to supplement with grants, donations, Federal funds, and unobligated cash income.

Prohibits use of existing Maintenance and General Operations appropriations for purposes covered by this act.

Requires strict compliance with State Purchasing Law, General Accounting and Budgetary Procedures Law, Revenue Stabilization Law, and Department of Finance and Administration regulations in fund disbursement.

Declares an emergency effective July 1, 2011 to ensure immediate operation of the agency, with funds to be used in compliance with budget documentation and legislative recommendations.