AR HB1017

Appropriates $603,600,000 to the State Board of Finance for the fiscal year ending June 30, 2019, payable from various state and federal balances.

Allocates $600,000,000 for purchase of securities as prescribed in Arkansas Code 19-3-501 through 19-3-522.

Allocates $600,000 for premiums and discounts on securities investments.

Allocates $3,000,000 for principal, interest, and agent fees related to debt service.

Requires all fund disbursements to comply with state procurement law, accounting procedures, revenue stabilization law, and other fiscal control laws, effective July 1, 2018.