AR HB1030

Appropriates $52,000,000 to the Office of the Treasurer of State from the College Savings Bond Fund for fiscal year ending June 30, 2019, consisting of $20,000,000 for refunds/reimbursements and $32,000,000 for debt service on College Savings General Obligation Bonds and Higher Education General Obligation Bonds.

Appropriates $68,000,000 to the Office of the Treasurer of State from the Water, Waste Disposal and Pollution Abatement Facilities Bond Fund for fiscal year ending June 30, 2019, consisting of $40,000,000 for refunds/reimbursements and $28,000,000 for debt service on Water, Waste Disposal and Pollution Abatement General Obligation Bonds.

Authorizes the State Treasurer to transfer funds from the Refunds/Reimbursement line item to the Debt Service line item if appropriations for maturing bonds and interest payments are insufficient, effective July 1, 2018 through June 30, 2019.

Requires all fund disbursements to comply with Arkansas procurement law, accounting procedures, revenue stabilization law, and other applicable state fiscal control laws and Department of Finance and Administration regulations.

Takes effect July 1, 2018 and was approved February 23, 2018.