AR SB392

Reappropriates $384,461 in unexpended balances from Act 10 of 2016 to the Arkansas Development Finance Authority for the Arkansas Housing Trust Fund Advisory Committee, effective July 1, 2017.

Funds designated for personal services, operating expenses, and grants to create pilot housing options in each of Arkansas's four congressional districts.

Restricts contract awards and obligations to available State Treasury funds, but allows agencies to supplement with grants, donations, Federal funds, and unobligated cash income.

Requires strict compliance with state purchasing laws, accounting procedures, revenue stabilization law, and fiscal control regulations when disbursing funds.

Declares an emergency effective July 1, 2017, citing the state constitutional prohibition on multi-year appropriations and the necessity for continued agency operations.