Loading chat...
AR HB1097
Bill
Status
5/3/2024
Primary Sponsor
Lane Jean
Click for details
AI Summary
-
Amends Arkansas Revenue Stabilization Law to modify fund composition and allocations for fiscal year 2024-2025 and thereafter, with changes taking effect July 1, 2024.
-
Removes reference to taxes and penalties from the Arkansas River Navigation System Fund composition, keeping only grants and carryover fund balances.
-
Modifies the Public Health Fund by removing the State Cancer Commission from its designated purposes and adjusting special revenues included in the fund.
-
Establishes Infrastructure Investment and Jobs Act Grants Matching Set-Aside with authorization for up to $200,000,000 in transfers to provide matching funds for federally-funded infrastructure and capital projects.
-
Sets maximum general revenue allocations of $6,311,460,566 for fiscal year 2024-2025 across public school funds, higher education institutions, human services, state agencies, and county aid programs.
Legislative Description
To Amend The Revenue Stabilization Law; To Create Funds, To Repeal Funds, And To Make Transfers To And From Funds And Fund Accounts; And To Declare An Emergency.
Last Action
Notification that HB1097 is now Act 156
5/3/2024