AR SB84

Reappropriates $1,200,000 in remaining balance from Act 345 of 2017 for the Arkansas Public Employees Retirement System (APERS) Pension Administration System, effective July 1, 2018.

Allocated funds may be used for operational expenses, capital outlay, and professional fees and services related to development, acquisition, and implementation of the new APERS Pension Administration System.

Requires all contract awards and obligations to comply with State Treasury fund availability and applicable state purchasing, accounting, budgetary procedures, and revenue stabilization laws.

Permits APERS to supplement State Treasury funds using grants, donations, Federal funds, and unobligated cash income, but prohibits use of Maintenance and General Operations funds for these purposes.

Effective date is July 1, 2018; bill was approved February 21, 2018.