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AR HB2068
Bill
Status
5/1/2017
Primary Sponsor
Kim Hammer
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AI Summary
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Requires Arkansas state agencies receiving federal grant funds to annually self-report unused funds to the Office of State-Federal Relations.
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Mandates state agencies return 50% of unused federal grant funds to the United States Government to reduce the national debt, while allowing agencies to retain 50% as a reward for efficient use.
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Defines "federal grant funds" as financial aid from the federal government that is not classified as a block grant, and applies to all state agencies receiving General Assembly appropriations, including higher education institutions.
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Requires the Office of State-Federal Relations to collect annual reports of unused federal grant funds from state agencies and deposit returned funds into the Office of State-Federal Relations Fund.
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Becomes effective only upon action by the United States Government that permits the use and return of federal grant funds in this manner.
Legislative Description
To Return Excess Federal Grant Funds To The United States Government; And To Encourage Relief Of The National Debt Of The United States.
Last Action
Died in House Committee at Sine Die Adjournment
5/1/2017