AR SB40

Reappropriates the balance of capital improvement appropriations for the Arkansas Real Estate Commission, effective July 1, 2012, in an amount not to exceed $475,000 from Act 543 of 2011.

Funds are designated for major maintenance, renovation, and repair to building and grounds.

Commission may supplement State Treasury funds with grants, donations, Federal funds, or unobligated cash income to finance the full project costs.

Requires strict compliance with State Purchasing Law, General Accounting and Budgetary Procedures Law, Revenue Stabilization Law, and other applicable fiscal control laws.

Declares an emergency effective July 1, 2012, citing constitutional restrictions on multi-year appropriations and the necessity for immediate agency operation.