AR SB525

Appropriates $250,000 from the General Improvement Fund to Cossatot Community College of the University of Arkansas for necessary equipment to maintain standards in all medical programs.

Prohibits contracts or obligations exceeding available State Treasury funds, but allows the college to supplement with grants, donations, Federal funds, and unobligated cash income.

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

Mandates that disbursed funds comply with stated reasons for appropriation as documented in budget manuals, agency requests, executive recommendations, and legislative minutes.

Declares an emergency effective July 1, 2015, citing the constitutional prohibition on multi-year appropriations and the need for immediate funding to maintain college operations.