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AR SB322
Bill
Status
3/8/2021
Primary Sponsor
Joint Budget Committee
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AI Summary
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Appropriates $1,175,544 in supplemental funding to Arkansas State University - Newport for fiscal year 2020-2021, payable from the ASU-Newport Fund.
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Funding breakdown includes $293,729 for regular salaries, $25,000 for extra help, $831,815 for operating expenses, and $25,000 for funded depreciation.
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Requires all fund disbursements to comply with state procurement law, accounting procedures, revenue stabilization law, and salary restrictions.
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Declares an emergency clause due to insufficient funds for ASU-Newport to continue providing essential governmental services.
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Approved on March 8, 2021 and takes effect immediately upon passage and approval.
Legislative Description
An Act For The Arkansas State University - Newport Supplemental Appropriation.
Last Action
Notification that SB322 is now Act 297
3/8/2021