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AR SB93

Bill

Status

Passed

2/22/2018

Primary Sponsor

Joint Budget Committee

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Origin

Senate

91st General Assembly (2018 Fiscal)

AI Summary

  • Reappropriates the balance of capital improvement appropriations from Act 346 of 2017 to the Arkansas Development Finance Authority for the Arkansas Housing Trust Fund Advisory Committee, effective July 1, 2018
  • Allocates $27,409 for personal services, operating expenses, and grants to create pilot housing options in each of Arkansas's four congressional districts
  • Permits the Authority to accept grants, donations including federal funds, and use unobligated cash income to supplement state treasury funds for project financing
  • Requires strict compliance with state purchasing laws, accounting procedures, revenue stabilization laws, and fiscal control regulations in fund disbursement
  • Effective date is July 1, 2018; approved February 21, 2018

Legislative Description

An Act For The Arkansas Development Finance Authority Reappropriation.

Last Action

Notification that SB93 is now Act 37

2/22/2018

Committee Referrals

Budget2/12/2018

Full Bill Text

No bill text available