AR HB1100

Appropriates $603.6 million to the State Board of Finance for fiscal year ending June 30, 2015, comprising $600 million for purchase of securities, $600,000 for premiums and discounts, and $3 million for principal/interest/agent fees.

Authorizes investments in securities as prescribed in Arkansas Code 19-3-501 through 19-3-522, payable from various state and federal balances.

Requires compliance with State Procurement Law, General Accounting and Budgetary Procedures Law, Revenue Stabilization Law, and other applicable fiscal control laws in fund disbursement.

Establishes legislative intent that funds be disbursed in compliance with stated reasons in agency requests, executive and legislative recommendations, and budget committee minutes.

Declares emergency effective July 1, 2014, citing constitutional prohibition on appropriations exceeding one year and essential need for immediate operation.