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AR HCR1004

Concurrent Resolution

Official Source

Status

Passed

2/23/2012

Primary Sponsor

Joint Budget Committee

Click for details

Origin

House of Representatives

88th General Assembly (2012 Fiscal)

AI Summary

  • Authorizes the Joint Budget Committee to introduce a bill amending the Revenue Stabilization Law effective July 1, 2012.

  • Establishes three new higher education funds under Arkansas Code § 19-5-303: Ozarka College Fund, Southeast Arkansas College Fund, and College of The Ouachitas Fund, each to be used for maintenance, operation, and improvement of their respective institutions.

  • Amends Arkansas Code § 19-5-311 to reorganize technical college funds, creating funds for Black River Technical College, Ozarka College, Southeast Arkansas College, Pulaski Technical College, and Ouachita Technical College.

  • Amends the Property Tax Relief Trust Fund and Educational Adequacy Fund to reference updated revenue sources from specific Arkansas Code sections.

  • Declares that any funds appropriated by the Eighty-Eighth General Assembly from the Ouachita Technical College Fund shall be deemed payable from the College of The Ouachitas Fund.

Legislative Description

To Authorize The Introduction Of A Nonappropriation Bill To Amend The Revenue Stabilization Law.

Last Action

House Approved by the Governor

2/23/2012

Full Bill Text

No bill text available