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AR HB1033
Bill
Status
2/29/2012
Primary Sponsor
Joint Budget Committee
Click for details
AI Summary
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Appropriates $200,000,000 from the Arkansas State Highway Employees' Retirement System Fund for annuities, investments, benefits, refunds to withdrawing members, and administrative expenses for fiscal year 2012-2013
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Requires all disbursements to comply with state procurement law, accounting procedures, revenue stabilization law, salary restrictions, and regulations from the Department of Finance and Administration
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Directs funds to be used in compliance with stated purposes documented in budget manuals, agency requests, executive recommendations, and legislative recommendations
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Declares an emergency effective July 1, 2012 to ensure immediate operation of the retirement system, citing constitutional restrictions on multi-year appropriations
Legislative Description
An Act For The Arkansas State Highway And Transportation Department - Arkansas State Highway Employees' Retirement System Appropriation For The 2012-2013 Fiscal Year.
Last Action
House Notification that HB1033 is now Act 228
2/29/2012