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AR HCR1008
Concurrent Resolution
Status
3/9/2012
Primary Sponsor
John Burris
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AI Summary
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Authorizes Representative Burris to introduce a bill amending Arkansas Code § 19-5-303 to establish three new higher education funds: 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.
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Amends Arkansas Code § 19-5-311 to reorganize technical college funds, including the Black River Technical College Fund and Ouachita Technical College Fund, and adds provisions for Ozarka College Fund and Southeast Arkansas College Fund within the technical college section.
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Modifies Arkansas Code § 19-5-1103(b) (Property Tax Relief Trust Fund) and § 19-5-1227(b)(3) (Educational Adequacy Fund) to reference specific revenue sources, adding reference to § 26-56-201(g)(1)(C) for the Property Tax Relief Trust Fund.
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Provides 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.
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Effective date is July 1, 2012.
Legislative Description
To Authorize The Introduction Of A Nonappropriation Bill To Amend The Revenue Stabilization Law.
Last Action
House Died in House Committee at Sine Die adjournment.
3/9/2012