The bill amends the distribution of revenues from the General Revenue Fund Account in Arkansas, specifically addressing the allocation of funds derived from sales tax and the special privilege tax on medical marijuana. It mandates that the Secretary of the Department of Finance and Administration certify the amount collected from these taxes each month. Subsequently, the Treasurer of State is required to deduct this certified amount from the General Revenue Fund Account and transfer it to a newly established Restricted Reserve Fund to be used to address food insecurity and health needs. This legislative change replaces the previous allocation to the University of Arkansas for Medical Sciences National Cancer Institute Designation Trust Fund, redirecting those funds to support initiatives aimed at combating food insecurity and addressing health-related issues within the state. The bill reflects a strategic shift in funding priorities to enhance public health and welfare.

Statutes affected:
Old version SB479 Original - 3-24-2023 01:08 PM: 19-5-202(b)
Old version SB479 V2 - 3-29-2023 04:36 PM: 19-5-202(b)
SB 479: 19-5-202(b)
Act 657: 19-5-202(b)