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AR HB1127
Bill
Status
3/1/2021
Primary Sponsor
Joint Budget Committee
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AI Summary
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Appropriates $29,372,099 in general revenues to cities from the Municipal Aid Fund for fiscal year 2021-2022.
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Appropriates $190,000,000 in special revenues to cities from the Municipal Aid Fund for fiscal year 2021-2022.
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Appropriates $21,428,616 in general revenues and $205,000,000 in special revenues to counties from the County Aid Fund for fiscal year 2021-2022.
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Appropriates $300,000,000 from the Property Tax Relief Trust Fund for statewide property tax reduction distribution to counties, plus $2,000,000 each to counties and cities from remaining Property Tax Relief Trust Fund balances.
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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 of each fiscal year to assist local governments with cash flow needs.
Legislative Description
An Act To Make An Appropriation For State Turnback For Counties And Muncipalities By The Office Of The Treasurer Of State For The Fiscal Year Ending June 30, 2022; And For Other Purposes.
Last Action
Notification that HB1127 is now Act 192
3/1/2021