AR HB1437

Increases the maximum loan amount from the Budget Stabilization Trust Fund to revenue funds from 97% to 150% of estimated monthly revenues.

Allows loans exceeding 100% to be made no more than four times per fiscal year per fund (with exceptions for certain excluded funds).

Modifies repayment terms for Department of Human Services loans, including those for Temporary Assistance for Needy Families and Medicaid/Medicare reimbursements, with repayment deadlines extended to July 31 of the following fiscal year.

Declares an emergency due to the necessity of increased borrowing capacity to maintain reliable funding for operations under the Revenue Classification Law.

Act was approved on March 18, 2015 and becomes effective immediately upon gubernatorial approval or other specified conditions.