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AR SB754
Bill
Status
Passed
4/6/2017
Primary Sponsor
Jim Hendren
Click for details
AI Summary
- Extends the deadline for depositing the first 4.5 mills of gas assessment fees as general revenue from July 1, 2017 to July 1, 2019
- Changes the deposit requirement in Arkansas Code § 15-71-109(a) so that the first 4.5 mills of gas assessments are deposited to the Oil and Gas Commission Fund instead of being used for administration costs
- Designates gas assessment fees exceeding 4.5 mills per fiscal year as special revenues to fund Oil and Gas Commission operations and administration
- Declares an emergency effective upon Governor approval or the expiration of the Governor's veto period, citing the necessity for increased general revenue funding to preserve public peace, health, and safety
- Approved by the Governor on April 7, 2017
Legislative Description
To Amend The Laws Concerning The Collection, Deposit, And Use Of Gas Assessment Fees; To Designate Certain Gas Assessment Fees As General Revenue; And To Declare An Emergency.
Last Action
Notification that SB754 is now Act 977
4/6/2017
Committee Referrals
Revenue and Taxation3/23/2017
Revenue & Taxation3/6/2017
Full Bill Text
No bill text available