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AR SB391
Bill
Status
4/2/2015
Primary Sponsor
Jim Hendren
Click for details
AI Summary
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Increases the Medicaid Expansion Program Account allocation from 29.8% to 34.2% of Tobacco Settlement Program Fund deposits transferred annually on July 1
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Reduces the Prevention and Cessation Program Account borrowing limit from the Budget Stabilization Trust Fund from 31.6% to 27.2% of estimated tobacco settlement receipts
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Reduces the repayment amount for Prevention and Cessation Program Account loans from 31.6% to 27.2% of amounts received in the Tobacco Settlement Program Fund during the fiscal year loans are made
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Declares an emergency based on the need to maintain increased healthcare access through the Medicaid Expansion Program, making the act effective July 1, 2015
Legislative Description
To Amend The Distribution And Use Of Tobacco Master Settlement Agreement Funds; And To Declare An Emergency.
Last Action
Notification that SB391 is now Act 894
4/2/2015