AR SB721

Appropriates $1,000,000 to the University of Arkansas from the General Improvement Fund for Garvan Woodland Gardens construction, renovation, maintenance, critical maintenance, equipment, security enhancements, and technology upgrades.

Prohibits contracts or obligations exceeding available State Treasury funds, but allows the university to supplement with grants, donations, Federal funds, and unobligated cash income.

Requires strict compliance with Arkansas State Purchasing Law, General Accounting and Budgetary Procedures Law, Revenue Stabilization Law, and Department of Finance and Administration regulations in fund disbursement.

Specifies that funds must be used in compliance with stated reasons for appropriation as documented in Department of Finance and Administration budget manuals, letters, and legislative minutes.

Declares an emergency clause with an effective date of July 1, 2015, citing the constitutional one-year appropriation limitation and the essential nature of immediate fund availability for agency operations.