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AR SB363
Bill
Status
3/19/2015
Primary Sponsor
Jane English
Click for details
AI Summary
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Appropriates $8,000,000 total from the General Improvement Fund to eight regional economic development districts in Arkansas, with $1,000,000 allocated to each district.
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Recipient districts include Northwest, North Central, Northeast, Southeast, Southwest, Western, West Central, and Central Arkansas Economic Development Districts.
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Allows recipient institutions to supplement state funds with federal grants, donations, and unobligated cash income to finance projects.
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Prohibits use of the appropriated funds to replace existing agency maintenance and general operations funding.
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Takes effect July 1, 2015 with an emergency clause declaring the funding essential to agency operations.
Legislative Description
An Act For The Department Of Finance And Administration - Disbursing Officer - Planning And Development Grants General Improvement Appropriation.
Last Action
Notification that SB363 is now Act 551
3/19/2015