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AR HR1004

Resolution

Official Source

Status

Passed

2/15/2018

Primary Sponsor

Lane Jean

Click for details

Origin

House of Representatives

91st General Assembly (2018 Fiscal)

AI Summary

  • Authorizes Representative Jean to introduce a bill amending the Revenue Stabilization Law and making changes to state funds and fund accounts
  • Amends Arkansas Code § 19-5-1240 to rename the "Small Business Loan Mobilization Revolving Fund" to the "Minority and Women-Owned Business Loan Mobilization Revolving Fund"
  • Fund consists of unexpended balances from the Small Business Loan Fund Account of the 82nd Session General Improvement Fund as of June 30, 2009, plus any other authorized funds
  • Fund shall promote development of minority and women-owned business enterprises, increase their ability to compete for state contracts, and sustain their economic growth
  • Effective date: July 1, 2018

Legislative Description

To Authorize The Introduction Of A Nonappropriation Bill To Amend The Revenue Stabilization Law And To Create Funds, To Repeal Funds, And To Make Transfers To And From Funds And Fund Accounts.

Last Action

READ AND ADOPTED.

2/15/2018

Committee Referrals

Budget2/12/2018

Full Bill Text

No bill text available