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AR HB1066
Bill
Status
2/14/2023
Primary Sponsor
Joint Budget Committee
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AI Summary
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Appropriates $1,750,000,000 from the Uniform Tax Rate Trust Fund to the Office of the Treasurer of State for distribution to counties as required by Amendment 74 to the Arkansas Constitution for fiscal year 2023-2024
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Disbursement of funds must comply with the State Procurement Law, General Accounting and Budgetary Procedures Law, Revenue Stabilization Law, Regular Salary Procedures and Restrictions Act, and other applicable fiscal control laws
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Requires that disbursed funds be used in compliance with stated reasons for the act's adoption as documented in budget manuals, letters, and legislative minutes of the Arkansas Legislative Council or Joint Budget Committee
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Declares an emergency clause making the act effective July 1, 2023, citing the constitutional requirement that appropriations be made for only one-year periods and the essential need for uninterrupted agency operations
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Approved February 13, 2023
Legislative Description
An Act For The Office Of The Treasurer Of State - Amendment 74 Property Tax Appropriation For The 2023-2024 Fiscal Year.
Last Action
Notification that HB1066 is now Act 58
2/14/2023