SB195

Senate Bill 195 is a budgetary act that reappropriates existing fund balances for the Arkansas Department of Commerce and the Arkansas Economic Development Commission for the fiscal year beginning July 1, 2025. It specifically allocates funding for workforce development programs, minority and women-owned business loan mobilization, and various community and economic development grants. These funds are designated for public works projects, job training, industrial site development, aerospace industry expansion, and environmental mitigation, among other economic stimulus activities. The bill establishes disbursement controls, mandating compliance with state purchasing, accounting, and budgetary laws. It also includes an emergency clause to ensure the continuity of these essential governmental operations starting on the effective date.