AR SB28

Reappropriates the balance of capital improvement appropriations from Act 207 of 2013 to the Arkansas Public Employees Retirement System, effective July 1, 2014, in an amount not to exceed $10,000,000.

Funds are designated for operational expenses, capital outlay, and professional fees and services relating to the development, acquisition, and implementation of a new APERS Pension Administration System.

Prohibits contracts or obligations from exceeding State Treasury funds available, but allows the system to accept grants, donations, and Federal funds to supplement the appropriation.

Requires strict compliance with state purchasing law, accounting procedures, revenue stabilization law, and other fiscal control laws unless specifically provided otherwise by law.

Declares an emergency clause making the act effective July 1, 2014, citing the constitutional requirement that appropriations be limited to one-year periods.