AR SB303

Appropriates $250,000 to the Arkansas Economic Development Commission from the General Improvement Fund for capital improvement grants to cities, counties, planning and development districts, and other eligible entities.

Eligible uses include land acquisition, construction, renovation, equipment purchases, industrial site development, intermodal facilities, rail spur construction, road and highway improvements, environmental mitigation, and water and sewer system construction.

Allows recipient institutions and agencies to supplement state funds with grants, donations, federal funds, and unobligated cash income to finance full project costs.

Requires compliance with state purchasing law, accounting and budgetary procedures law, revenue stabilization law, and Department of Finance and Administration regulations in fund disbursement.

Declares an emergency effective July 1, 2015, stating that appropriation delays could harm essential governmental programs and agency operations.