AR SB98

Appropriates $500,000 to the Office of the Governor from the Miscellaneous Revolving Fund for emergency proclamation purposes under Arkansas Code 19-2-404 for fiscal year 2012-2013.

Requires all fund disbursements to comply with State Procurement Law, General Accounting and Budgetary Procedures Law, Revenue Stabilization Law, Regular Salary Procedures and Restrictions Act, and Department of Finance and Administration regulations.

Establishes that funds must be disbursed in compliance with stated reasons for the appropriation as documented in budget manuals, Agency Requests, Executive Recommendations, Legislative Recommendations, and official minutes of the Arkansas Legislative Council or Joint Budget Committee.

Declares an emergency effective July 1, 2012, citing the constitutional prohibition on appropriations exceeding one year and the essential need for immediate operation of the agency receiving the appropriation.