Stricken language would be deleted from and underlined language would be added to present law.
1 State of Arkansas
2 93rd General Assembly A Bill
3 Regular Session, 2021 HOUSE BILL 1841
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5 By: Representative L. Johnson
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7 For An Act To Be Entitled
8 AN ACT TO AMEND THE LAW CONCERNING DISTRIBUTIONS FROM
9 THE GENERAL REVENUE FUND ACCOUNT; TO PROVIDE FOR A
10 TRANSFER FROM THE GENERAL REVENUE FUND ACCOUNT TO THE
11 GRADUATE MEDICAL EDUCATION FUND; AND FOR OTHER
12 PURPOSES.
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15 Subtitle
16 TO AMEND THE LAW CONCERNING DISTRIBUTIONS
17 FROM THE GENERAL REVENUE FUND ACCOUNT;
18 AND TO PROVIDE FOR A TRANSFER FROM THE
19 GENERAL REVENUE FUND ACCOUNT TO THE
20 GRADUATE MEDICAL EDUCATION FUND.
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23 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF ARKANSAS:
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25 SECTION 1. Arkansas Code 19-5-202(b)(2)(B)(v), concerning
26 distributions from the General Revenue Fund Account, is amended to read as
27 follows:
28 (v)(a) Next, the Secretary of the Department of
29 Finance and Administration shall certify the amount distributed to the
30 General Revenue Fund Account from the sales tax and the special privilege tax
31 on medical marijuana under 17(c) of the Arkansas Medical Marijuana
32 Amendment of 2016, Arkansas Constitution, Amendment 98, for the month.
33 (b) The Treasurer of State shall then deduct
34 an amount equal to the amount certified under subdivision (b)(2)(B)(v)(a) of
35 this section from the General Revenue Fund Account and transfer the:
36 (1) First eighteen million dollars
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 HB1841
1 ($18,000,000) of the amount to the University of Arkansas for Medical
2 Sciences National Cancer Institute Designation Trust Fund; and
3 (2) Remainder of the amount after the
4 transfer under subdivision (b)(2)(B)(v)(b)(1) of this section to the Graduate
5 Medical Education Fund; and
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Statutes affected:
HB 1841: 19-5-202(b)