HB1833 Summary

• Amends Arkansas Code § 19-5-406 to modify the transfer of remaining general revenues after maximum annual allocations, directing 75% to the General Revenue Allotment Reserve Fund and 25% to the Arkansas Highway Transfer Fund on the last business day of each calendar month

• Amends Arkansas Code § 19-5-1005 to clarify composition of the General Improvement Fund, including unobligated funds, special revenues, and funds from the Attorney General's Consumer Education and Enforcement Account

• Establishes monthly allocation procedures for General Improvement Fund distributions: 50% to Executive Discretionary Division, 25% to Legislative Senate Division (equal per senator), and 25% to Legislative House Division (equal per representative)

• Requires each General Assembly member to report by May 1 of the second biennium year a list of funded projects, funding amounts, and project purposes to the Legislative Council or Joint Budget Committee

• Declares an emergency effective date of June 30, 2017, citing necessity for proper government operation and general revenue allocation