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AR SB664

Bill

Official Source

Status

Passed

3/29/2017

Primary Sponsor

Jake Files

Click for details

Origin

Senate

91st General Assembly (2017 Regular)

AI Summary

  • Amends Arkansas Code § 27-70-204(b) to carve out interest income from the Arkansas Four-Lane Highway Construction and Improvement Bond Account from the general classification of special revenues
  • Interest earned on the Four-Lane Highway Construction and Improvement Bond Account shall instead be distributed according to § 27-70-206 requirements
  • Modifies § 27-70-206 introductory language to exclude interest income classified as special revenue under § 27-70-204(b)(1) from the general highway revenue distribution process
  • Takes effect January 1, 2018
  • Approved March 27, 2017

Legislative Description

To Amend The Law Concerning The Distribution Of Interest Income Earned On Highway Revenues.

Last Action

Notification that SB664 is now Act 704

3/29/2017

Committee Referrals

Public Transportation3/20/2017
Transportation, Technology & Legislative Affairs3/6/2017

Full Bill Text

No bill text available