Bill Summary – FastDemocracy

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                                               Act 121 of the Fiscal Session
 1   State of Arkansas
 2   93rd General Assembly                            A Bill
 3   Fiscal Session, 2022                                                                   HOUSE BILL 1102
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 5   By: Joint Budget Committee
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 7                                        For An Act To Be Entitled
 8                  AN ACT TO MAKE AN APPROPRIATION FOR THE REFUND OF
 9                  LOCAL SALES AND USE TAXES BY THE OFFICE OF THE
10                  TREASURER OF STATE WHICH SHALL BE SUPPLEMENTAL AND IN
11                  ADDITION TO THOSE FUNDS APPROPRIATED BY ACT 246 OF
12                  2021; AND FOR OTHER PURPOSES.
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15                                                     Subtitle
16                             AN ACT FOR THE OFFICE OF THE TREASURER OF
17                             STATE - REFUND OF LOCAL TAXES
18                             SUPPLEMENTAL APPROPRIATION.
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21   BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF ARKANSAS:
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23          SECTION 1. APPROPRIATION - CITY SHARE.                    There is hereby appropriated,
24   to the Office of the Treasurer of State, to be payable from the Local Sales
25   and Use Tax Trust Fund, for refunding each city's share of local sales and
26   use taxes assessed by authority of Arkansas Code 26-75-307 by the Office of
27   the Treasurer of State which shall be supplemental and in addition to those
28   funds appropriated in Section 1 of Act 246 of 2021, the following:
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30   ITEM                                                                                     FISCAL YEAR
31    NO.                                                                                           2021-2022
32   (01)   REFUNDS - CITY SHARE                                                              $80,000,000
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34          SECTION 2. APPROPRIATION - COUNTY SHARE.                     There is hereby appropriated,
35   to the Office of the Treasurer of State, to be payable from the Local Sales
36   and Use Tax Trust Fund, for refunding each county's share of local sales and
     *JAR099*                                                                     02/16/2022 10:21:13 AM JAR099
                                                                                 HB1102
 1   use taxes as assessed by authority of Arkansas Code 26-74-307 by the Office
 2   of the Treasurer of State which shall be supplemental and in addition to
 3   those funds appropriated in Section 2 of Act 246 of 2021, the following:
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 5   ITEM                                                               FISCAL YEAR
 6    NO.                                                                 2021-2022
 7   (01)   REFUNDS - COUNTY SHARE                                      $50,000,000
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 9          SECTION 3. COMPLIANCE WITH OTHER LAWS.     Disbursement of funds
10   authorized by this act shall be limited to the appropriation for such agency
11   and funds made available by law for the support of such appropriations; and
12   the restrictions of the State Procurement Law, the General Accounting and
13   Budgetary Procedures Law, the Revenue Stabilization Law, the Regular Salary
14   Procedures and Restrictions Act, or their successors, and other fiscal
15   control laws of this State, where applicable, and regulations promulgated by
16   the Department of Finance and Administration, as authorized by law, shall be
17   strictly complied with in disbursement of said funds.
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19          SECTION 4. LEGISLATIVE INTENT.     It is the intent of the General
20   Assembly that any funds disbursed under the authority of the appropriations
21   contained in this act shall be in compliance with the stated reasons for
22   which this act was adopted, as evidenced by the Agency Requests, Executive
23   Recommendations and Legislative Recommendations contained in the budget
24   manuals prepared by the Department of Finance and Administration, letters, or
25   summarized oral testimony in the official minutes of the Arkansas Legislative
26   Council or Joint Budget Committee which relate to its passage and adoption.
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28          SECTION 5. EMERGENCY CLAUSE.   It is found and determined by the General
29   Assembly, that funds provided by the General Assembly for the operations of
30   the Office of the Treasurer of State are, due to unforeseen circumstances,
31   insufficient for the Office of the Treasurer of State to continue to provide
32   essential governmental services; that the provisions of this act will provide
33   the necessary monies for the Office of the Treasurer of State to continue
34   such services; and that a delay in the effective date of this Act could work
35   irreparable harm upon the proper administration and provision of essential
36   governmental programs. Therefore, an emergency is hereby declared to exist
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                                                                              HB1102
 1   and this Act being necessary for the immediate preservation of the public
 2   peace, health and safety shall be in full force and effect from and after the
 3   date of its passage and approval.
 4        If the bill is neither approved nor vetoed by the Governor, it shall
 5   become effective on the expiration of the period of time during which the
 6   Governor may veto the bill.   If the bill is vetoed by the Governor and the
 7   veto is overridden, it shall become effective on the date the last house
 8   overrides the veto.
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11                                  APPROVED: 3/3/22
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