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AR SB529
Bill
Status
4/4/2017
Primary Sponsor
Bruce Maloch
Click for details
AI Summary
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Amends Arkansas Code § 10-3-1404(a)(1) to change the deadline for the Chief Fiscal Officer to submit revenue forecasts to the Joint Committee on Economic and Tax Policy from "the first third Wednesday in May" to "the third Wednesday in May"
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Requires submission of two forecasts before each fiscal year begins: an official forecast for the upcoming fiscal year and a revised forecast for the current fiscal year
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Declares an emergency to exist due to the essential nature of general revenue forecasting for state government operations
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Effective date set for July 1, 2017, to prevent irreparable harm to proper administration and provision of essential government programs
Legislative Description
To Amend Arkansas Law Concerning The Forecast Of General Revenues; And To Declare An Emergency.
Last Action
Notification that SB529 is now Act 823
4/4/2017