AR SB556

Appropriates $750,000 to the College of The Ouachitas from the General Improvement Fund for construction, renovation, maintenance, critical maintenance, equipment, security enhancements, technology upgrades, and library resources.

Restricts contract awards and obligations to available State Treasury funds, but allows institutions to supplement with grants, donations, Federal funds, and unobligated cash income.

Prohibits using existing Maintenance and General Operations appropriations for purposes covered by this act.

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.

Declares an emergency effective July 1, 2013, citing constitutional restrictions on appropriations to one-year periods and the essential nature of these funds to agency operations.