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AR HB1150

Bill

Status

Passed

2/24/2012

Primary Sponsor

Joint Budget Committee

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Origin

House of Representatives

88th General Assembly (2012 Fiscal)

AI Summary

  • Appropriates $27,372,099 in general revenues to municipalities through the Municipal Aid Fund for fiscal year 2012-2013.

  • Appropriates $120,000,000 in special revenues to municipalities through the Municipal Aid Fund for fiscal year 2012-2013.

  • Appropriates $19,645,067 in general revenues and $160,000,000 in special revenues (including Highway Turnback and Severance Taxes) to counties through the County Aid Fund for fiscal year 2012-2013.

  • Appropriates $20,000,000 for unanticipated special revenues from mineral, oil, and gas sales or leases on federal military lands to be distributed to counties according to law.

  • Appropriates $250,000,000 from the Property Tax Relief Trust Fund for statewide property tax reduction to counties, plus $4,000,000 each to counties and municipalities from the same fund, effective July 1, 2012 through June 30, 2013.

Legislative Description

An Act For The Office Of The Treasurer Of State - For State Turnback For Counties And Municipalities Appropriation For The 2012-2013 Fiscal Year.

Last Action

House Notification that HB1150 is now Act 208

2/24/2012

Committee Referrals

Budget2/13/2012

Full Bill Text

No bill text available