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AR HB1605
Bill
Status
4/4/2013
Primary Sponsor
Duncan Baird
Click for details
AI Summary
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Appropriates $30,000,000 from the General Improvement Fund to the Arkansas Science and Technology Authority for operating expenses and grants supporting Science, Technology, Engineering and Mathematics (STEM) programs.
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Allows the Authority to adopt new rules and regulations to carry out the appropriation without restrictions applicable to other programs.
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Permits institutions and agencies to supplement state funds with grants, donations, Federal funds, and unobligated cash income to finance project costs.
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Requires strict compliance with State Purchasing Law, General Accounting and Budgetary Procedures Law, Revenue Stabilization Law, and Department of Finance and Administration regulations in fund disbursement.
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Declares an emergency effective July 1, 2013, stating the appropriation is essential to agency operations and immediate preservation of governmental programs.
Legislative Description
An Act For The Arkansas Science And Technology Authority General Improvement Appropriation.
Last Action
Notification that HB1605 is now Act 739
4/4/2013