Senate Bill 107 Summary

• Appropriates $26.8 million to the Arkansas Economic Development Commission (AEDC) for State Operations, including $4.8 million for regular salaries of 105 employees and funding for Industry Training Program ($16 million), professional fees ($1.5 million), and economic infrastructure grants ($1 million).

• Appropriates $109.4 million from federal funds for Community Assistance programs including $30 million for Community Development Block Grants (CDBG), $76.4 million for storm recovery grants, and $1.3 million for flood recovery grants.

• Appropriates $869,581 from federal funds for State Energy Plan activities and $2.6 million from cash funds for Energy Efficiency Arkansas programs.

• Appropriates $30 million from Technology Acceleration Fund and $200 million from Economic Development Superprojects Fund for investment incentives and super projects.

• Authorizes fund transfers between appropriation categories with approval from the Chief Fiscal Officer and Legislative Council/Joint Budget Committee, with emergency clause making the act effective July 1, 2014.