AR SB474

Appropriates $8,000,000 total from the General Improvement Fund to eight economic development districts across Arkansas, with $1,000,000 allocated to each district.

Recipient districts include: Northwest, North Central, Northeast, Southeast, Southwest, Western, West Central, and Central Arkansas Economic Development Districts.

Permits agencies to supplement state appropriations with federal funds, grants, donations, and unobligated cash income without restricting appropriations to existing program requirements.

Requires strict compliance with state purchasing laws, accounting procedures, revenue stabilization laws, and Department of Finance and Administration regulations in fund disbursement.

Effective July 1, 2015, with emergency clause declaring immediate effectiveness necessary for proper agency operation and governmental programs.