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AR HB1075

Bill

Official Source

Status

Passed

2/25/2014

Primary Sponsor

Joint Budget Committee

Click for details

Origin

House of Representatives

89th General Assembly (2014 Fiscal)

AI Summary

  • Appropriates $200,000,000 to the Arkansas State Highway and Transportation Department for the Arkansas State Highway Employees' Retirement System for fiscal year 2014-2015
  • Funds are designated for annuities, investments, benefits, refunds to withdrawing members, and administrative expenses
  • Requires all disbursements to comply with state procurement law, accounting procedures, revenue stabilization law, and other fiscal control laws
  • Specifies that funds must be used in accordance with agency requests, executive recommendations, and legislative recommendations documented in budget materials and official legislative minutes
  • Declares an emergency effective July 1, 2014, citing the constitutional requirement for annual appropriations and the necessity for immediate funding of retirement system operations

Legislative Description

An Act For The Arkansas State Highway And Transportation Department - Arkansas State Highway Employees' Retirement System Appropriation For The 2014-2015 Fiscal Year.

Last Action

Notification that HB1075 is now Act 163

2/25/2014

Committee Referrals

Budget2/10/2014

Full Bill Text

No bill text available