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AR SB61
Bill
Status
Passed
2/25/2014
Primary Sponsor
Joint Budget Committee
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AI Summary
- Appropriates $4,807,391 from cash funds to the Arkansas Student Loan Authority for fiscal year ending June 30, 2015, comprised of regular salaries ($655,930), personal services matching ($203,016), and maintenance and general operations ($3,948,445)
- Establishes maximum of 12 regular employees including 1 Director, 1 Federal Program Financial Officer, 1 Information Systems Manager, 2 Program Officers, and 7 other support staff positions
- Requires all fund disbursements to comply with state procurement laws, accounting procedures, revenue stabilization law, and salary restrictions
- Designates funds disbursed under this act shall comply with reasons stated in Agency Requests, Executive Recommendations, and Legislative Recommendations documented in budget manuals and Joint Budget Committee minutes
- Makes act effective July 1, 2014 as an emergency measure necessary for agency operations
Legislative Description
An Act For The Arkansas Student Loan Authority Appropriation For The 2014-2015 Fiscal Year.
Last Action
Notification that SB61 is now Act 79
2/25/2014
Committee Referrals
Budget2/10/2014
Full Bill Text
No bill text available