AR SB463

Appropriates $10,000,000 to Riverside Vocational Technical School from the General Improvement Fund for construction, renovation, maintenance, equipment, security enhancements, technology upgrades, land/facilities purchase, training, supplies, and library resources.

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

Prohibits use of existing Maintenance and General Operations appropriations for the purposes outlined in this act.

Requires strict compliance with State Purchasing Law, General Accounting and Budgetary Procedures Law, Revenue Stabilization Law, and regulations from the Department of Finance and Administration.

Declares an emergency effective July 1, 2017, citing the Arkansas Constitution's one-year appropriation limit and the essential need for immediate operation of the agency.