AR HB1562

Appropriates $7,000,000 to the University of Arkansas for the Arkansas School for Mathematics, Sciences and the Arts from the General Improvement Fund for classroom updates, operations, personal services, construction, renovations, furnishings, capital outlay, maintenance, and equipment costs.

Permits the institution to accept and use grants, donations including Federal funds, and unobligated cash income to supplement State Treasury funds for the project.

Restricts use of existing Maintenance and General Operations appropriations for the purposes authorized in this act.

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

Declares an emergency effective date of July 1, 2013, citing the Arkansas Constitution's prohibition on appropriations exceeding one year and the essential nature of the funds to agency operations.