HB1052

An Act To Make An Appropriation For State Turnback For Counties And Municipalities By The Office Of The Treasurer Of State For The Fiscal Year Ending June 30, 2027; And For Other Purposes.

Introduced

Last Action (April 1, 2026): REPORTED CORRECTLY ENGROSSED

AI-Generated Summary

House Bill 1052 is an appropriation bill that authorizes the distribution of state funds to Arkansas counties and municipalities for the fiscal year ending June 30, 2027. The bill outlines the allocation of general and special revenues, including funds designated for property tax relief, unanticipated revenues, and general aid. It also establishes mechanisms for cash-flow loans from the Budget Stabilization Trust Fund to support local government operations. Additionally, the legislation provides procedures for the carry-forward of unexpended funds and addresses the financial responsibilities of counties regarding deputy prosecuting attorney salaries. The bill includes an emergency clause to ensure funding is available by the start of the fiscal year on July 1, 2026.

Potential Impact Analysis

Who Might Benefit?

The primary beneficiaries are Arkansas municipalities and counties, which receive the direct distribution of general and special revenues to support their operational budgets. Additionally, local property owners benefit from the $300,000,000 appropriation dedicated to property tax relief for counties, and administrative entities within local governments benefit from the authorized cash-flow loans intended to maintain financial stability early in the fiscal year.

Who Might Suffer?

There are no specific groups identified as being negatively impacted by this bill. As a routine appropriations measure, it functions to distribute existing state funds to local jurisdictions. While some counties may face a minor fiscal burden due to the continued requirement to contribute toward the salaries of deputy prosecuting attorneys, this represents a long-standing statutory obligation rather than a new negative impact created by this specific bill.

Read Full Bill on arkleg.state.ar.us