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AR SB398

Bill

Official Source

Status

Failed

5/1/2023

Primary Sponsor

Dan Sullivan

Click for details

Origin

Senate

94th General Assembly (2023 Regular)

AI Summary

  • Amends Arkansas Code § 19-5-406(c) to change how remaining general revenues are distributed after initial allocations
  • Transfers 10% of additional available revenues to the Municipal Aid Fund for distribution under § 19-5-601
  • Transfers remaining revenues (after the 10% allocation) to the General Revenue Allotment Reserve Fund on the last day of business each calendar month
  • Designates funds in the General Revenue Allotment Reserve Fund for their respective purposes as provided by law

Legislative Description

To Amend The Law Concerning The Transfer Of Remaining General Revenues; And To Transfer A Portion Of Remaining General Revenues To The Municipal Aid Fund.

Last Action

Sine Die adjournment

5/1/2023

Committee Referrals

Budget3/9/2023

Full Bill Text

No bill text available