An act TO MAKE AN APPROPRIATION FOR STATE TURNBACK 10 FOR COUNTIES AND MUNICIPALITIES BY THE OFFICE OF THE 11 TREASURER OF STATE WHICH SHALL BE SUPPLEMENTAL AND IN 12 ADDITION TO THOSE FUNDS APPROPRIATED BY ACT 140 OF 13, the official text

Stricken language would be deleted from and underlined language would be added to present law.

1 State of Arkansas           As Engrossed: H2/25/25
2 95th General Assembly
                                    A Bill

3 Regular Session, 2025                                             HOUSE BILL 1544

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5 By: Joint Budget Committee

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8                             For An Act To Be Entitled

9        AN ACT TO MAKE AN APPROPRIATION FOR STATE TURNBACK

10       FOR COUNTIES AND MUNICIPALITIES BY THE OFFICE OF THE

11       TREASURER OF STATE WHICH SHALL BE SUPPLEMENTAL AND IN

12       ADDITION TO THOSE FUNDS APPROPRIATED BY ACT 140 OF

13       2024; AND FOR OTHER PURPOSES.

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16                            Subtitle

17                       AN ACT TO MAKE AN APPROPRIATION FOR STATE

18                       TURNBACK FOR COUNTIES AND MUNICIPALITIES

19                       BY THE OFFICE OF THE TREASURER OF STATE

20                       SUPPLEMENTAL APPROPRIATION.

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23 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF ARKANSAS:

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25       SECTION 1. APPROPRIATION - REAL PROPERTY TAX REDUCTION - COUNTIES.

26 There is hereby appropriated, to the Office of the Treasurer of State, to be

27 payable from the Property Tax Relief Trust Fund, for distributing funds

28 provided by a statewide property tax reduction to counties by the Office of

29 the Treasurer of State which shall be supplemental and in addition to those

30 funds appropriated in Section 7 of Act 140 of 2024, the following:

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32 ITEM                                                             FISCAL YEAR

33 NO.                                                              2024-2025

34 (01) DISTRIBUTION TO COUNTIES FOR PROPERTY

35       TAX RELIEF                                                 $25,000,000

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    *JAR048*                                                       02-25-2025 09:16:44 JAR048
    As Engrossed: H2/25/25                                                  HB1544

1   SECTION 2. COMPLIANCE WITH OTHER LAWS. Disbursement of funds

2 authorized by this act shall be limited to the appropriation for such agency

3 and funds made available by law for the support of such appropriations; and

4 the restrictions of the State Procurement Law, the General Accounting and

5 Budgetary Procedures Law, the Revenue Stabilization Law, the Regular Salary

6 Procedures and Restrictions Act, or their successors, and other fiscal

7 control laws of this State, where applicable, and regulations promulgated by

8 the Department of Finance and Administration, as authorized by law, shall be

9 strictly complied with in disbursement of said funds.

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11  SECTION 3. LEGISLATIVE INTENT. It is the intent of the General

12 Assembly that any funds disbursed under the authority of the appropriations

13 contained in this act shall be in compliance with the stated reasons for

14 which this act was adopted, as evidenced by the Agency Requests, Executive

15 Recommendations and Legislative Recommendations contained in the budget

16 manuals prepared by the Department of Finance and Administration, letters, or

17 summarized oral testimony in the official minutes of the Arkansas Legislative

18 Council or Joint Budget Committee which relate to its passage and adoption.

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20  SECTION 4. EMERGENCY CLAUSE. It is found and determined by the General

21 Assembly, that funds provided by the General Assembly for the operations of

22 the Office of the Treasurer of State are, due to unforeseen circumstances,

23 insufficient for the Office of the Treasurer of State to continue to provide

24 essential governmental services; that the provisions of this act will provide

25 the necessary monies for the Office of the Treasurer of State to continue

26 such services; and that a delay in the effective date of this Act could work

27 irreparable harm upon the proper administration and provision of essential

28 governmental programs. Therefore, an emergency is hereby declared to exist

29 and this Act being necessary for the immediate preservation of the public

30 peace, health and safety shall be in full force and effect from and after the

31 date of its passage and approval.

32  If the bill is neither approved nor vetoed by the Governor, it shall

33 become effective on the expiration of the period of time during which the

34 Governor may veto the bill. If the bill is vetoed by the Governor and the

35 veto is overridden, it shall become effective on the date the last house

36 overrides the veto.

                                      2  02-25-2025 09:16:44 JAR048
    As Engrossed: H2/25/25                             HB1544

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