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AR SB559
Bill
Status
4/6/2013
Primary Sponsor
Gary Stubblefield
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AI Summary
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Appropriates $8,000,000 total from the General Improvement Fund to eight regional economic development districts in Arkansas, with $1,000,000 allocated to each district.
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Designated districts receiving grants: Northwest, North Central, Northeast, Southeast, Southwest, Western, West Central, and Central Arkansas Economic Development Districts.
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Allows recipient institutions to supplement state funds with federal grants, donations, 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.
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Declares emergency clause with effective date of July 1, 2013, citing constitutional restrictions on multi-year appropriations and need for immediate agency operation.
Legislative Description
An Act For The Department Of Finance And Administration - Disbursing Officer - Planning And Development Grants General Improvement Appropriation.
Last Action
Notification that SB559 is now Act 833
4/6/2013