HB1680 Summary

• Appropriates $12,000,000 total from the General Improvement Fund to eight regional economic development districts in Arkansas, with $1,500,000 allocated to each district.

• Recipient districts include Northwest, North Central, Northeast, Southeast, Southwest, Western, West Central, and Central Arkansas Economic Development Districts.

• Allows recipient agencies to supplement state funds with grants, donations, federal funds, and unobligated cash income to finance project costs.

• Requires strict compliance with State Purchasing Law, General Accounting and Budgetary Procedures Law, Revenue Stabilization Law, and other applicable fiscal control laws unless specifically exempted by law.

• Effective July 1, 2013 as an emergency measure, with funds to be disbursed consistent with agency requests and legislative recommendations documented in budget materials and committee records.