AR SB664

Appropriates $15,000,000 to the University of Central Arkansas from the General Improvement Fund for essential operations, academic facility construction, campus facility and infrastructure renovation and repair, and campus technology improvements.

Prohibits contracts and obligations from exceeding available State Treasury funds, but allows the university to supplement with grants, donations, Federal funds, and unobligated cash income.

Requires compliance with State Purchasing Law, General Accounting and Budgetary Procedures Law, Revenue Stabilization Law, and Department of Finance and Administration regulations in fund disbursement.

Restricts use of appropriated funds to the stated reasons documented in budget manuals, agency requests, executive recommendations, and legislative recommendations from the Arkansas Legislative Council or Joint Budget Committee.

Declares an emergency clause effective July 1, 2013, stating that the appropriation is essential to university operations and that delayed effectiveness could harm administration of governmental programs.