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AR HB1131
Bill
Status
3/2/2021
Primary Sponsor
Joint Budget Committee
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AI Summary
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Appropriates $870,000,000 from the Local Sales and Use Tax Trust Fund to the Office of the Treasurer of State for refunding each city's share of local sales and use taxes for fiscal year 2021-2022
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Appropriates $800,000,000 from the Local Sales and Use Tax Trust Fund to the Office of the Treasurer of State for refunding each county's share of local sales and use taxes for fiscal year 2021-2022
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Requires all fund disbursements to comply with state procurement laws, accounting procedures, revenue stabilization laws, and other fiscal control laws
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Funds disbursed must align with stated reasons for adoption as documented in agency requests, executive recommendations, and legislative minutes
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Act takes effect July 1, 2021 and is declared an emergency measure necessary for immediate preservation of public peace, health, and safety
Legislative Description
An Act For The Office Of The Treasurer Of State - Refund Of Local Taxes Appropriation For The 2021-2022 Fiscal Year.
Last Action
Notification that HB1131 is now Act 246
3/2/2021