AR SB503

Appropriates $1,500,000 to the University of Arkansas from the University of Arkansas Fund for personal services and operating expenses of the Criminal Justice Institute for the fiscal year ending June 30, 2016.

Requires disbursement of funds to comply with the State Procurement Law, General Accounting and Budgetary Procedures Law, Revenue Stabilization Law, Regular Salary Procedures and Restrictions Act, Higher Education Expenditures Restrictions Act, and other applicable fiscal control laws.

Directs that funds be used in compliance with stated reasons for appropriation as documented in Agency Requests, Executive Recommendations, Legislative Recommendations, and official minutes of the Arkansas Legislative Council or Joint Budget Committee.

Declares an emergency effective July 1, 2015, citing the Constitutional prohibition on multi-year appropriations and the essential need for immediate funding to operate the agency.