AR SB735

Appropriates $150,000 to the Arkansas Economic Development Commission from the General Improvement Fund for grants to an economic alliance of counties seeking to bring new businesses to the Arkansas Delta.

Funds may be used for personal services, operating expenses, professional fees, and grants to the economic alliance.

Exempts the appropriation from restrictions applicable to other programs and allows the commission to adopt new rules and regulations to carry out the act's intent.

Permits the commission to supplement state funds with grants, donations, federal funds, and unobligated cash income to finance project costs.

Establishes an emergency effective date of July 1, 2015, declaring the appropriation essential to agency operations.