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AR SB473
Bill
Status
5/1/2017
Primary Sponsor
Larry Teague
Click for details
AI Summary
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Appropriates $10,000,000 to the Arkansas Development Finance Authority for the Arkansas Housing Trust Fund Advisory Committee to fund personal services, operating expenses, and grants.
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Directs funds to create pilot housing options in each of the four congressional districts in Arkansas.
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Funds must come from the General Improvement Fund or successor fund accounts, with no contracts awarded exceeding State Treasury funds actually available.
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Agencies may supplement State Treasury funds with grants, donations (including Federal funds), and unobligated cash income to cover total project costs.
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Act takes effect July 1, 2017, declared an emergency measure to ensure the agency's immediate operational needs.
Legislative Description
An Act For The Arkansas Development Finance Authority - Arkansas Housing Trust Fund Advisory Committee General Improvement Appropriation.
Last Action
Sine Die adjournment
5/1/2017