AR SB726

Appropriates $10,000 to the Bureau of Legislative Research from the General Improvement Fund for personal services and operating expenses of the Vision 2025 Legislative Commission on the future of Higher Education.

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

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.

Directs that funds be used in compliance with stated reasons documented in budget manuals, letters, and official minutes of the Arkansas Legislative Council or Joint Budget Committee.

Declares an emergency effective July 1, 2013, citing constitutional limits on appropriations to one-year periods and the essential need for immediate operation of the agency.