AR SB105

Reappropriates balances of capital improvement appropriations for the Arkansas Economic Development Commission effective July 1, 2018, from various funds including General Improvement Fund, Economic Development Incentive Fund, Bond Proceeds, and cash funds.

Allocates $50 million for the Economic Development Incentive Quick Action Closing Fund to attract new business, $3 million for workforce training incentives, and $7 million for bond payments on Amendment 82 economic development projects.

Appropriates $20 million for grants and loans supporting public works, job training, aircraft/aerospace expansion, port/waterway projects, technology development, industrial site costs, intermodal facilities, environmental mitigation, and water/sewer systems.

Provides $37.5 million for financial incentives to companies locating or expanding facilities in Arkansas, plus $225 million in bond proceeds for Amendment 82 economic development projects.

Includes multiple smaller appropriations for rural services, compressed natural gas/alternative fuel programs, minority business development, film production, and strategic economic development planning, with all funds subject to state purchasing and fiscal control laws; effective July 1, 2018.