HB 1003 Summary

• Reappropriates unexpended balances from prior appropriations to the Arkansas Natural Resources Commission, effective July 1, 2014, for various water resource and environmental projects totaling approximately $138.75 million

• Allocates funds to multiple programs including: Illinois River Conservation Reserve Improvement Program ($1.48M), State Water Plan development ($5.52M combined), Clean Water and Drinking Water State Revolving Funds ($10M combined), Red River and Ouachita River waterway projects ($3.5M combined), and Water Development Fund ($4M)

• Authorizes $100 million transfer to the Water Resources Cost Share Revolving Fund to finance the non-federal share of water resources development project obligations for the state and political subdivisions

• Requires strict compliance with state purchasing, accounting, budgetary procedures, and revenue stabilization laws; permits agencies to supplement state funds with federal grants, donations, and unobligated cash income

• Declares an emergency effective July 1, 2014, citing constitutional restrictions on multi-year appropriations and the essential need for funds to maintain agency operations