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AR SR1
Resolution
Status
Passed
2/13/2018
Primary Sponsor
Larry Teague
Click for details
AI Summary
- Authorizes Senator Teague to introduce a nonappropriation bill on behalf of the Joint Budget Committee during the 91st General Assembly Fiscal Session, 2018
- Amends Arkansas Code § 19-5-1240 to rename the "Small Business Loan Fund" to the "Minority and Women-Owned Business Loan Mobilization Revolving Fund"
- Establishes that the 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 authorized future deposits
- Designates the fund to promote minority and women-owned business development, increase their competitive ability for state contracts, and sustain their economic growth
- Effective date is July 1, 2018
Legislative Description
Authorizing 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
Sine Die adjournment
3/12/2018
Full Bill Text
No bill text available