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AR SB18
Bill
Status
Passed
2/20/2014
Primary Sponsor
Joint Budget Committee
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AI Summary
- Reappropriates $4,000,000 in balance funds from Act 905 of 2013 to the Arkansas Development Finance Authority for the Arkansas Housing Trust Fund Advisory Committee, effective July 1, 2014
- Funds designated for personal services, operating expenses, and grants to create pilot housing options in each of Arkansas's four congressional districts
- Prohibits contracts or obligations from exceeding available State Treasury funds, but allows agencies to supplement with grants, donations, Federal funds, and unobligated cash income
- Requires strict compliance with State Purchasing Law, General Accounting and Budgetary Procedures Law, Revenue Stabilization Law, and other fiscal control laws
- Declares an emergency effective July 1, 2014, citing the constitutional one-year appropriation limit and the need for uninterrupted agency operations
Legislative Description
An Act For The Arkansas Development Finance Authority - Arkansas Housing Trust Fund Advisory Committee;reappropriation.
Last Action
Notification that SB18 is now Act 19
2/20/2014
Committee Referrals
Budget2/10/2014
Full Bill Text
No bill text available