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AR SB601
Bill
Status
4/6/2013
Primary Sponsor
Bryan King
Click for details
AI Summary
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Appropriates $16,000,000 total from the General Improvement Fund to eight regional economic development districts in Arkansas, with $2,000,000 allocated to each district.
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Districts receiving funds include 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 for project financing.
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Requires strict compliance with state purchasing law, accounting procedures, revenue stabilization law, and Department of Finance and Administration regulations in fund disbursement.
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Takes effect July 1, 2013 as an emergency measure to ensure continuity of agency operations and essential governmental programs.
Legislative Description
An Act For The Department Of Finance And Administration - Disbursing Officer - Planning And Development Grants General Improvement Appropriation.
Last Action
Notification that SB601 is now Act 856
4/6/2013