AR HB1098

Appropriates $29,372,099 in general revenues to cities and $180,000,000 in special revenues to cities for fiscal year 2016-2017 through the Municipal Aid Fund.

Appropriates $21,645,067 in general revenues to counties and $200,000,000 in special revenues to counties for fiscal year 2016-2017, including highway turnback and severance taxes.

Appropriates $20,000,000 for unanticipated special revenues from mineral, oil, and gas leases on federal military lands to be distributed to designated counties.

Appropriates $250,000,000 from the Property Tax Relief Trust Fund for county property tax relief and $2,000,000 each to counties and cities from remaining Property Tax Relief Trust Fund balances if sufficient funds exist.

Authorizes loans of $3,517,657 to the Municipal Aid Fund and $1,906,079 to the County Aid Fund from the Budget Stabilization Trust Fund on July 1 of each fiscal year to assist local governments with early-year cash flow needs, to be repaid through monthly general revenue distributions.