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AR SB782
Bill
Status
4/12/2013
Primary Sponsor
Larry Teague
Click for details
AI Summary
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Amends Arkansas Code § 19-5-906(c) to establish a fixed percentage distribution of the Ad Valorem Tax Fund when insufficient moneys are available to fully reimburse funds or accounts.
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Allocates 80% of transferred funds to the State Central Services Fund for local audits by the Division of Legislative Audit.
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Allocates 5% of transferred funds to the appropriate fund or account supporting the Tax Division of the Arkansas Public Service Commission.
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Allocates 15% of transferred funds to the appropriate fund or account supporting the Assessment Coordination Department.
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Declares an emergency and makes the act effective July 1, 2013, to ensure continuity of essential governmental programs supported by Ad Valorem Tax Fund transfers.
Legislative Description
To Require That A Certain Amount Of Moneys In The Ad Valorem Tax Fund Be Used To Support The Assessment Coordination Department; And To Declare An Emergency.
Last Action
Notification that SB782 is now Act 1165
4/12/2013