AR SB523

Extends the deadline for depositing the first 4.5 mills of gas assessment fees as general revenue from July 1, 2019 to July 1, 2021 under Arkansas Code § 15-71-107(b)(2)(B)

Amends the Oil and Gas Commission Fund provisions to exclude the first 4.5 mills of gas assessments from the fund through July 1, 2021, with those funds instead going to general revenue

Updates the enumeration of general revenues to include the first 4.5 mills on gas assessments levied each fiscal year until July 1, 2021

Updates the enumeration of special revenues to specify that only gas assessments exceeding 4.5 mills each fiscal year until July 1, 2021 are classified as special revenue

Declares an emergency effective upon gubernatorial approval, non-action, or veto override, citing the need for increased general revenue funding for public peace, health, and safety activities