AR HB1097

Appropriates $29,372,099 in general revenues to cities and $180,000,000 in special revenues to cities from the Municipal Aid Fund for fiscal year 2015-2016.

Appropriates $21,645,067 in general revenues to counties and $200,000,000 in special revenues to counties from the County Aid Fund for fiscal year 2015-2016.

Appropriates $20,000,000 for unanticipated special revenues from mineral, oil, and gas sales on federal military lands to be distributed to eligible counties.

Appropriates $250,000,000 for property tax relief distribution to counties and $2,000,000 each to counties and cities from the Property Tax Relief Trust Fund, contingent on sufficient available funds.

Authorizes loans of $3,517,657 to the Municipal Aid Fund and $1,906,079 to the County Aid Fund on July 1 annually from the Budget Stabilization Trust Fund to assist local governments with cash flow needs, to be repaid through monthly general revenue distributions.