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AR HB1095

Bill

Official Source

Status

Passed

5/3/2016

Primary Sponsor

Joint Budget Committee

Click for details

Origin

House of Representatives

90th General Assembly (2016 Fiscal)

AI Summary

  • Appropriates $700,000,000 from the Local Sales and Use Tax Trust Fund to refund each city's share of local sales and use taxes for fiscal year 2016-2017
  • Appropriates $700,000,000 from the Local Sales and Use Tax Trust Fund to refund each county's share of local sales and use taxes for fiscal year 2016-2017
  • Requires all fund disbursements to comply with state procurement law, accounting procedures, revenue stabilization law, salary restrictions, and Department of Finance and Administration regulations
  • Directs that funds be used in compliance with Agency Requests, Executive Recommendations, and Legislative Recommendations documented in budget manuals and legislative minutes
  • Takes effect July 1, 2016 with emergency clause for immediate implementation

Legislative Description

An Act For The Office Of The Treasurer Of State - Refund Of Local Taxes Appropriation For The 2016-2017 Fiscal Year.

Last Action

Notification that HB1095 is now Act 164

5/3/2016

Committee Referrals

Budget4/13/2016

Full Bill Text

No bill text available