SB208
An Act For The Secretary Of State Appropriation For The 2022-2023 Fiscal Year.
Last Action (May 1, 2023): Sine Die adjournment
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AI-Generated Summary
Senate Bill 208 is an appropriation bill that authorizes $500,000 in funding for the Arkansas Secretary of State for the fiscal year ending June 30, 2023. The funding is specifically designated for the development and implementation of a new Business and Commercial Services IT system. The act directs the Chief Fiscal Officer of the State to transfer these funds from the General Revenue Allotment Reserve Fund to the Secretary of State's cash fund. The bill includes an emergency clause, which mandates that the act takes effect immediately upon passage to ensure the continued provision of essential government services. It also requires strict compliance with existing state fiscal control laws and procurement regulations.
Potential Impact Analysis
Who Might Benefit?
The primary beneficiary is the Arkansas Secretary of State’s office, which receives the necessary funding to upgrade its IT infrastructure. Additionally, businesses and commercial entities in Arkansas are intended beneficiaries, as the new IT system is expected to improve the efficiency and delivery of services provided by the Secretary of State.
Who Might Suffer?
The bill negatively impacts the General Revenue Allotment Reserve Fund, which is reduced by $500,000 to provide the requested appropriation. This reduction means that $500,000 that was previously held in the state's reserve is no longer available for other potential emergency funding needs or budgetary priorities during the remainder of the fiscal year.
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