Shown verbatim: the complete text as captured from the official PDF posted by the Arkansas General Assembly, fetched 2026-07-23. Page and line markers are part of the official record; nothing is edited or removed. The official bill page.
Stricken language would be deleted from and underlined language would be added to present law.
1 State of Arkansas A Bill
2 95th General Assembly
3 Regular Session, 2025 HOUSE BILL 1113
4
5 By: Joint Budget Committee
6
7
8 For An Act To Be Entitled
9 AN ACT TO MAKE AN APPROPRIATION FOR PAYMENT OF THE
10 MATURING BONDS AND INTEREST OF THE COLLEGE SAVINGS
11 AND HIGHER EDUCATION GENERAL OBLIGATION BONDS AND THE
12 STATE WATER, WASTE DISPOSAL, AND POLLUTION ABATEMENT
13 GENERAL OBLIGATION BONDS BY THE OFFICE OF THE
14 TREASURER OF STATE FOR THE FISCAL YEAR ENDING JUNE
15 30, 2026; AND FOR OTHER PURPOSES.
16
17
18 Subtitle
19 AN ACT FOR THE OFFICE OF THE TREASURER OF
20 STATE - GENERAL OBLIGATION BONDS
21 APPROPRIATION FOR THE 2025-2026 FISCAL
22 YEAR.
23
24
25 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF ARKANSAS:
26
27 SECTION 1. APPROPRIATION - COLLEGE SAVINGS & HIGHER EDUCATION BONDS.
28 There is hereby appropriated, to the Office of the Treasurer of State, to be
29 payable from the College Savings Bond Fund, for the purpose of meeting the
30 debt service requirements of the State of Arkansas College Savings General
31 Obligation Bonds authorized and issued under the provisions of Arkansas Code
32 6-62-701 through 6-62-726 and the State of Arkansas Higher Education General
33 Obligation Bonds authorized and issued under provisions of Arkansas Code 6-
34 62-1101 through 6-62-1122 for the fiscal year ending June 30, 2026, the
35 following:
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1 ITEM FISCAL YEAR
2 NO. 2025-2026
3 (01) REFUNDS/REIMBURSEMENTS $10,000,000
4 (02) DEBT SERVICE 32,000,000
5 TOTAL AMOUNT APPROPRIATED $42,000,000
6
7 SECTION 2. APPROPRIATION - WATER, WASTE DISPOSAL & POLLUTION ABATEMENT.
8 There is hereby appropriated, to the Office of the Treasurer of State, to be
9 payable from the Water, Waste Disposal and Pollution Abatement Facilities
10 Bond Fund, for the purpose of meeting the debt service requirements of the
11 Water, Waste Disposal and Pollution Abatement General Obligation Bonds which
12 are authorized and issued under the provisions of Arkansas Code 15-22-601
13 through 15-22-622 and Arkansas Code 15-22-701 through 15-22-721, for the
14 fiscal year ending June 30, 2026, the following:
15
16 ITEM FISCAL YEAR
17 NO. 2025-2026
18 (01) REFUNDS/REIMBURSEMENTS $15,000,000
19 (02) DEBT SERVICE 28,000,000
20 TOTAL AMOUNT APPROPRIATED $43,000,000
21
22 SECTION 3. SPECIAL LANGUAGE. NOT TO BE INCORPORATED INTO THE ARKANSAS
23 CODE NOR PUBLISHED SEPARATELY AS SPECIAL, LOCAL AND TEMPORARY LAW.
24 TRANSFER PROVISION. If the State Treasurer should determine that the
25 appropriations made available for payments of maturing bonds and interest for
26 the College Savings General Obligation Bonds, the Higher Education General
27 Obligation Bonds, the State Waste Disposal and Pollution Abatement Facilities
28 General Obligation Bonds, and the State Water Resources Development General
29 Obligation Bonds are insufficient, appropriation may be transferred from the
30 Refunds/Reimbursement line item to the Debt Service line item for payment of
31 said bonds.
32 The provisions of this section shall be in effect only from July 1, 2024
33 2025 through June 30, 2025 2026.
34
35 SECTION 4. COMPLIANCE WITH OTHER LAWS. Disbursement of funds
36 authorized by this act shall be limited to the appropriation for such agency
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1 and funds made available by law for the support of such appropriations; and
2 the restrictions of the State Procurement Law, the General Accounting and
3 Budgetary Procedures Law, the Revenue Stabilization Law, the Regular Salary
4 Procedures and Restrictions Act, or their successors, and other fiscal
5 control laws of this State, where applicable, and regulations promulgated by
6 the Department of Finance and Administration, as authorized by law, shall be
7 strictly complied with in disbursement of said funds.
8
9 SECTION 5. LEGISLATIVE INTENT. It is the intent of the General
10 Assembly that any funds disbursed under the authority of the appropriations
11 contained in this act shall be in compliance with the stated reasons for
12 which this act was adopted, as evidenced by the Agency Requests, Executive
13 Recommendations and Legislative Recommendations contained in the budget
14 manuals prepared by the Department of Finance and Administration, letters, or
15 summarized oral testimony in the official minutes of the Arkansas Legislative
16 Council or Joint Budget Committee which relate to its passage and adoption.
17
18 SECTION 6. EMERGENCY CLAUSE. It is found and determined by the General
19 Assembly, that the Constitution of the State of Arkansas prohibits the
20 appropriation of funds for more than a one (1) year period; that the
21 effectiveness of this Act on July 1, 2025 is essential to the operation of
22 the agency for which the appropriations in this Act are provided, and that in
23 the event of an extension of the legislative session, the delay in the
24 effective date of this Act beyond July 1, 2025 could work irreparable harm
25 upon the proper administration and provision of essential governmental
26 programs. Therefore, an emergency is hereby declared to exist and this Act
27 being necessary for the immediate preservation of the public peace, health
28 and safety shall be in full force and effect from and after July 1, 2025.
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3 01/07/2025 2:29:17 PM JAR020Every fact on this page links to its source, starting with the official bill record.