AR HB1144

Appropriates $500,000,000 to the Office of the Treasurer of State from the Local Sales and Use Tax Trust Fund for refunding each city's share of local sales and use taxes for fiscal year 2012-2013.

Appropriates $600,000,000 to the Office of the Treasurer of State from the Local Sales and Use Tax Trust Fund for refunding each county's share of local sales and use taxes for fiscal year 2012-2013.

Requires all fund disbursements to comply with state procurement law, accounting procedures, revenue stabilization law, salary procedures, and regulations from the Department of Finance and Administration.

Declares an emergency, making the act effective July 1, 2012, stating that delaying effectiveness beyond this date could cause irreparable harm to essential governmental programs.