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AR HB1622
Bill
Status
3/4/2013
Primary Sponsor
Eddie Armstrong
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AI Summary
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Appropriates $1,000,000 each to eight regional economic development districts in Arkansas for planning and development grants, totaling $8,000,000 from the General Improvement Fund.
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Specifies recipients: Northwest, North Central, Northeast, Southeast, Southwest, Western, West Central, and Central Arkansas Economic Development Districts.
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Allows recipient agencies to supplement state funds with grants, donations, federal funds, and unobligated cash income to finance full project costs.
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Requires strict compliance with state purchasing laws, accounting procedures, revenue stabilization laws, and fiscal control regulations in fund disbursement.
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Declares emergency effective date of July 1, 2013, citing constitutional restrictions on multi-year appropriations and operational necessity for the funded agencies.
Legislative Description
An Act For The Department Of Finance And Administration - Disbursing Officer - Planning And Development Grants General Improvement Appropriation.
Last Action
Read the third time and failed.
4/12/2013