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AR SB391

Bill

Status

Passed

4/2/2015

Primary Sponsor

Jim Hendren

Click for details

Origin

Senate

90th General Assembly (2015 Regular)

AI Summary

  • Increases the Medicaid Expansion Program Account allocation from 29.8% to 34.2% of Tobacco Settlement Program Fund deposits transferred annually on July 1

  • 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

  • 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

  • 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

Committee Referrals

Public Health, Welfare And Labor2/17/2015

Full Bill Text

No bill text available