HB1102

House Bill 1102 is an appropriations bill that allocates funding for the fiscal year ending June 30, 2026, to provide state turnback funds to Arkansas counties and municipalities. It authorizes distributions from various sources, including the Municipal Aid Fund, the County Aid Fund, and the Property Tax Relief Trust Fund. The bill specifies appropriations for general revenues, special revenues, and unanticipated special revenues for local governments. Additionally, it provides mechanisms for cash flow assistance through loans from the Budget Stabilization Trust Fund to ensure local government operations continue early in the fiscal year. The bill also includes provisions for the retention of funds to support the costs of deputy prosecuting attorneys and outlines requirements for the carry-forward of unexpended balances. Finally, the act contains an emergency clause to ensure its provisions take effect on July 1, 2025.