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AR SB685
Bill
Status
3/31/2015
Primary Sponsor
Jake Files
Click for details
AI Summary
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Appropriates $7.6 million total from the General Improvement Fund to eight regional economic development districts in Arkansas, with $950,000 allocated to each district.
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Eligible recipients include the Northwest, North Central, Northeast, Southeast, Southwest, Western, West Central, and Central Arkansas Economic Development Districts.
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Allows recipient institutions to supplement state funds with grants, donations, federal funds, and unobligated cash income to finance project costs.
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Requires all disbursements to comply with State Purchasing Law, General Accounting and Budgetary Procedures Law, Revenue Stabilization Law, and Department of Finance and Administration regulations.
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Becomes effective July 1, 2015 under emergency clause to ensure continuous 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 SB685 is now Act 800
3/31/2015