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AR SB626

Bill

Status

Passed

4/6/2013

Primary Sponsor

Bobby Pierce

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Origin

Senate

89th General Assembly (2013 Regular)

AI Summary

  • Appropriates $250,000 from the General Improvement Fund to the Economic Development Commission for grants to cities, counties, planning districts, and other eligible entities
  • Eligible uses include land acquisition, construction, renovation, equipment purchase, industrial site development, intermodal facilities, rail and highway improvements, environmental mitigation, and water and sewer system improvements
  • Authorizes the Economic Development Commission to adopt new rules and regulations to implement the appropriations without restrictions from other program requirements
  • Requires all disbursements to comply with state purchasing law, accounting procedures, revenue stabilization law, and other fiscal control laws
  • Effective date is July 1, 2013, with emergency clause declaring immediate effectiveness necessary for agency operations

Legislative Description

An Act For The Economic Development Commission General Improvement Appropriation.

Last Action

Notification that SB626 is now Act 872

4/6/2013

Committee Referrals

Budget2/28/2013

Full Bill Text

No bill text available