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AR SB385

Bill

Official Source

Status

Passed

3/31/2015

Primary Sponsor

Eddie Cheatham

Click for details

Origin

Senate

90th General Assembly (2015 Regular)

AI Summary

  • Appropriates $250,000 each to eight Arkansas economic development districts from the General Improvement Fund, totaling $2 million
  • Districts receiving funds: Northwest, North Central, Northeast, Southeast, Southwest, Western, West Central, and Central Arkansas Economic Development Districts
  • Allows recipient agencies to supplement state funds with grants, donations, federal funds, and unobligated cash income to finance projects
  • Requires all disbursements to comply with state purchasing, accounting, budgetary procedures, revenue stabilization, and fiscal control laws
  • Becomes effective July 1, 2015 with emergency clause to ensure continued 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 SB385 is now Act 745

3/31/2015

Committee Referrals

Budget2/17/2015

Full Bill Text

No bill text available