HB1022
An Act For The Arkansas Development Finance Authority Appropriation For The 2026-2027 Fiscal Year.
Last Action (April 1, 2026): Read the first time, rules suspended, read the second time and referred to the Committee on JOINT BUDGET COMMITTEE
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AI-Generated Summary
House Bill 1022 authorizes the appropriation of federal funds for the Arkansas Development Finance Authority for the 2026-2027 fiscal year. The bill allocates $15,000,000 for the implementation of the Federal Housing Program and $2,296,487 for the Emergency Solutions Grant. The Emergency Solutions Grant is intended to support the engagement of homeless individuals and families, improve emergency shelter quality and availability, and assist in rapid re-housing efforts. The bill mandates strict compliance with state procurement and fiscal control laws. Additionally, it includes an emergency clause to ensure the appropriations are effective by July 1, 2026, to prevent disruption to agency operations.
Potential Impact Analysis
Who Might Benefit?
The primary beneficiaries include the Arkansas Development Finance Authority, which receives the administrative funding, and homeless individuals and families who will be served through the emergency shelter and re-housing programs funded by the Emergency Solutions Grant. Additionally, the broader community may benefit from the improved availability and quality of emergency housing resources.
Who Might Suffer?
There is no group directly or significantly negatively impacted by this legislation, as it primarily involves the distribution of existing federal funds to established state programs. However, groups that compete for or rely on alternate state funding may perceive the prioritization of these specific federal allocations as a constraint if it impacts the overall budgetary landscape or internal competition for agency attention.
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