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AR SB351
Bill
Status
3/2/2015
Primary Sponsor
Bruce Maloch
Click for details
AI Summary
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Appropriates $250,000 each to eight Arkansas economic development districts from the General Improvement Fund, totaling $2,000,000 for planning and development grants.
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Districts receiving funds are Northwest, North Central, Northeast, Southeast, Southwest, Western, West Central, and Central Arkansas Economic Development Districts.
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Allows recipient agencies to supplement state funds with grants, donations, Federal funds, and unobligated cash income to finance project costs.
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Requires strict compliance with state purchasing law, accounting procedures, revenue stabilization law, and fiscal control regulations in fund disbursement.
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Declares the act effective July 1, 2015 as an emergency measure necessary for essential governmental programs.
Legislative Description
An Act For The Department Of Finance And Administration - Disbursing Officer - Planning And Development Grants General Improvement Appropriation.
Last Action
Notification that SB351 is now Act 253
3/2/2015