AR HB1074

Appropriates $8,300,000 to the Arkansas Soybean Promotion Board from the Soybean Promotion Fund for fiscal year ending June 30, 2022

Allocates $60,500 for operating expenses, $2,000 for professional fees, and $8,237,500 for research and development activities

Requires all fund disbursements to comply with state procurement law, accounting procedures, revenue stabilization law, and other applicable fiscal control laws

Declares an emergency effective July 1, 2021 to ensure immediate operation of the agency, as the Arkansas Constitution prohibits appropriations for more than one year

Requires funds to be used in compliance with stated reasons documented in agency requests, executive recommendations, and legislative testimony