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AR HB1029
Bill
Status
2/23/2018
Primary Sponsor
Joint Budget Committee
Click for details
AI Summary
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Appropriates $1,350,000,000 to the Office of the Treasurer of State for fiscal year 2018-2019 to redistribute property tax funds to counties as required by Amendment 74 to the Arkansas Constitution.
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Funds are payable from the Uniform Tax Rate Trust Fund.
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Disbursement of funds must comply with the State Procurement Law, General Accounting and Budgetary Procedures Law, Revenue Stabilization Law, Regular Salary Procedures and Restrictions Act, and Department of Finance and Administration regulations.
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Requires that funds be used in compliance with stated reasons for adoption as documented in Agency Requests, Executive Recommendations, Legislative Recommendations, and official minutes of the Arkansas Legislative Council or Joint Budget Committee.
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Effective on and after July 1, 2018; approved February 23, 2018.
Legislative Description
An Act For The Office Of The Treasurer Of State - Amendment 74 Property Tax Appropriation For The 2018-2019 Fiscal Year.
Last Action
Notification that HB1029 is now Act 146
2/23/2018