SB73
An Act For The Department Of Commerce - Arkansas Economic Development Commission Supplemental Appropriation.
Last Action (April 14, 2026): Read first time, rules suspended, read second time, referred to JOINT BUDGET COMMITTEE
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AI-Generated Summary
Senate Bill 73 is a supplemental appropriations act for the Arkansas Department of Commerce's Arkansas Economic Development Commission. The bill allocates $10,000,000 to the Rural Services Division for the Community Assistance Grant Program. This funding is intended to be supplemental to appropriations previously authorized by Act 608 of 2025. The legislation mandates a transfer of $10,000,000 from the General Revenue Allotment Reserve Fund to the appropriate paying account to support these grants. The bill includes an emergency clause, stating that immediate funding is necessary to prevent irreparable harm to the administration of essential governmental services. Disbursements under this act are required to comply with state fiscal control laws and established legislative intent.
Potential Impact Analysis
Who Might Benefit?
The primary beneficiaries are local communities and rural entities in Arkansas that are eligible to receive funding through the Community Assistance Grant Program, as well as the Department of Commerce, which receives additional budgetary resources to fulfill its administrative objectives.
Who Might Suffer?
The primary entity negatively impacted is the General Revenue Allotment Reserve Fund, which will have its balance reduced by $10,000,000. Additionally, taxpayers may be indirectly impacted as this represents an allocation of state reserve funds toward a specific grant program rather than other potential state priorities.
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