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AR HB1139

Bill

Status

Passed

4/5/2019

Primary Sponsor

Joint Budget Committee

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Origin

House of Representatives

92nd General Assembly (2019 Regular)

AI Summary

  • Appropriates $29,372,099 for general revenue distributions to cities and $190,000,000 for special revenue distributions to cities through the Municipal Aid Fund for fiscal year 2019-2020

  • Appropriates $21,428,616 for general revenue distributions to counties and $205,000,000 for special revenue distributions to counties (including Highway Turnback and Severance Taxes) through the County Aid Fund for fiscal year 2019-2020

  • Appropriates $20,000,000 for unanticipated special revenues from mineral, oil, and gas sales on federal military lands and $300,000,000 from the Property Tax Relief Trust Fund for county property tax relief distributions

  • Authorizes loans of $3,517,657 to the Municipal Aid Fund and $1,906,079 to the County Aid Fund from the Budget Stabilization Trust Fund on July 1 to assist with cash flow needs, to be repaid through monthly general revenue distributions

  • Requires counties and municipalities receiving $2,000,000 or more in highway revenue distributions to report annually to legislative committees on fund usage, including accounting records and details of contracted projects

Legislative Description

An Act To Make An Appropriation For State Turnback For Counties And Municipalities By The Office Of The Treasurer Of State For The Fiscal Year Ending June 30, 2020; And For Other Purposes

Last Action

Notification that HB1139 is now Act 747

4/5/2019

Committee Referrals

Budget1/14/2019

Full Bill Text

No bill text available