Loading chat...
AR SB128
Bill
Status
2/25/2014
Primary Sponsor
Joint Budget Committee
Click for details
AI Summary
-
Appropriates $11,000,000 to the Arkansas Public Employees Retirement System for operational expenses, capital outlay, and professional fees related to developing, acquiring, and implementing a new APERS Pension Administration System
-
Funds are supplemental and in addition to amounts previously appropriated in Act 207 of 2013
-
Requires disbursement to comply with State Procurement Law, General Accounting and Budgetary Procedures Law, Revenue Stabilization Law, Regular Salary Procedures and Restrictions Act, and other applicable fiscal control laws and Department of Finance and Administration regulations
-
Declares an emergency due to insufficient current funds for the retirement system to continue providing essential governmental services
-
Becomes effective upon passage and approval, or upon Governor's veto override if applicable
Legislative Description
An Act For The Arkansas Public Employees Retirement System Supplemental Appropriation.
Last Action
Notification that SB128 is now Act 120
2/25/2014