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AR SB70
Bill
Status
2/27/2012
Primary Sponsor
Joint Budget Committee
Click for details
AI Summary
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Appropriates $50,000 to the Arkansas Development Finance Authority from the Housing Trust Fund for personal services and operating expenses of the Arkansas Housing Trust Fund Advisory Committee for the fiscal year ending June 30, 2013
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Requires disbursement of funds to comply with the State Procurement Law, General Accounting and Budgetary Procedures Law, Revenue Stabilization Law, Regular Salary Procedures and Restrictions Act, and other fiscal control laws of Arkansas
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Establishes legislative intent that funds shall be disbursed in compliance with stated reasons for appropriation as documented in budget manuals, letters, and official minutes of the Arkansas Legislative Council or Joint Budget Committee
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Declares an emergency clause making the act effective July 1, 2012, as required by the Arkansas Constitution which prohibits appropriations for more than one-year periods
Legislative Description
An Act For The Arkansas Development Finance Authority - Arkansas Housing Trust Fund Advisory Committee Appropriation For The 2012-2013 Fiscal Year.
Last Action
Senate Notification that SB70 is now Act 118
2/27/2012