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AR SB652
Bill
Status
3/25/2015
Primary Sponsor
Jeremy Hutchinson
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AI Summary
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Appropriates $8,000,000 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 recipient agencies to accept and use federal grants, donations, and unobligated funds to supplement state appropriations for project financing.
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Requires strict compliance with state purchasing, accounting, budgetary procedures, and revenue stabilization laws in fund disbursement unless specifically exempted by law.
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Effective July 1, 2015, with emergency clause declaring the appropriations essential to agency operations.
Legislative Description
An Act For The Department Of Finance And Administration - Disbursing Officer - Planning And Development Grants General Improvement Appropriation.
Last Action
Notification that SB652 is now Act 654
3/25/2015