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AR HB1102
Bill
Status
4/10/2025
Primary Sponsor
Joint Budget Committee
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AI Summary
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Appropriates $29,372,099 in general revenues and $215,000,000 in special revenues to municipalities through the Municipal Aid Fund for fiscal year 2025-2026
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Appropriates $21,428,616 in general revenues and $230,000,000 in special revenues to counties through the County Aid Fund for fiscal year 2025-2026
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Allocates $300,000,000 from the Property Tax Relief Trust Fund for distribution to counties for statewide property tax reduction, plus an additional $2,000,000 each to counties and cities if sufficient funds remain by December 31, 2025
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Authorizes $25,000,000 total in unanticipated special revenues ($15,000,000 for counties, $10,000,000 for cities) from sources including sale or lease of minerals, oil, and gas on federal military lands
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Provides cash flow loans from the Budget Stabilization Trust Fund of $3,517,657 to the Municipal Aid Fund and $1,906,079 to the County Aid Fund on July 1 of each fiscal year, to be repaid in equal monthly installments
Legislative Description
An Act To Make An Appropriation For State Turnback For Counties And Municipalities By The Office Of The Treasurer Of State For The Fiscal Year Ending June 30, 2026; And For Other Purposes.
Last Action
Notification that HB1102 is now Act 541
4/10/2025