AR SB712

Appropriates $16,000,000 from the Department of Education Public School Fund Account for grants and aid to the Arkansas Better Chance Program for fiscal year 2015-2016

Appropriates an additional $16,000,000 transfer from the General Improvement Fund to the Department of Education Public School Fund Account for the Arkansas Better Chance Program

Requires all fund disbursements to comply with State Procurement Law, General Accounting and Budgetary Procedures Law, Revenue Stabilization Law, Regular Salary Procedures and Restrictions Act, and other applicable fiscal control laws

Specifies that funds must be used in compliance with stated reasons documented in budget manuals, agency requests, executive recommendations, and legislative council or joint budget committee minutes

Declares an emergency effective July 1, 2015, citing constitutional requirements for one-year appropriation periods and the essential need for immediate agency operation