AR SB655

Appropriates $3,000,000 to the Department of Education for a grant to Teach for America to provide training and support for Arkansas teachers statewide.

Transfers $3,000,000 from the State Insurance Department Trust Fund to the General Improvement Fund to finance the appropriation.

Allows the Department of Education to adopt new rules and regulations as needed to carry out the intent of the General Assembly regarding these funds.

Requires all disbursements to comply with state purchasing laws, accounting procedures, revenue stabilization law, and other applicable fiscal control laws unless specifically exempted.

Declares an emergency effective date of July 1, 2015, citing constitutional restrictions on appropriations and the need for immediate funding to support agency operations.