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AR HB1123

Bill

Official Source

Status

Passed

2/23/2018

Primary Sponsor

Joint Budget Committee

Click for details

Origin

House of Representatives

91st General Assembly (2018 Fiscal)

AI Summary

  • Appropriates $50,000,000 to the Office of the Treasurer of State for fiscal year 2017-2018 to distribute to counties for property tax relief.

  • Funds are payable from the Property Tax Relief Trust Fund and are supplemental to appropriations made in Act 91 of 2017.

  • Disbursement of funds must comply with 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.

  • Declares an emergency exists due to insufficient funds previously appropriated for the Office of the Treasurer of State to provide essential governmental services.

  • Approved February 23, 2018.

Legislative Description

An Act For The Office Of The Treasurer Of State - Real Property Tax Reduction For Counties Supplemental Appropriation.

Last Action

Notification that HB1123 is now Act 192

2/23/2018

Committee Referrals

Budget2/13/2018

Full Bill Text

No bill text available