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AR SB619
Bill
Status
3/31/2015
Primary Sponsor
David Sanders
Click for details
AI Summary
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Appropriates $8,000,000 total from the General Improvement Fund to eight regional economic development districts in Arkansas, with $1,000,000 allocated to each district.
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Recipient districts include Northwest, North Central, Northeast, Southeast, Southwest, Western, West Central, and Central Arkansas Economic Development Districts.
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Allows districts to supplement state funds with federal grants, donations, and unobligated cash income to finance projects, provided maintenance and operations funds are not diverted.
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Requires strict compliance with State Purchasing Law, General Accounting and Budgetary Procedures Law, Revenue Stabilization Law, and Department of Finance and Administration regulations in fund disbursement.
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Effective July 1, 2015 under emergency clause to ensure uninterrupted agency operations and was approved March 29, 2015.
Legislative Description
An Act For The Department Of Finance And Administration - Disbursing Officer - Planning And Development Grants General Improvement Appropriation.
Last Action
Notification that SB619 is now Act 786
3/31/2015