HB 1094

Stricken language would be deleted from and underlined language would be added to present law.
  Act 114 of the Fiscal Session
1 State of Arkansas
2 95th General Assembly  A Bill
3 Fiscal Session, 2026  HOUSE BILL 1094
4
5 By: Joint Budget Committee
6
7
8For An Act To Be Entitled
9AN ACT TO MAKE AN APPROPRIATION FOR STATE TURNBACK
10FOR COUNTIES AND MUNICIPALITIES BY THE OFFICE OF THE
11TREASURER OF STATE WHICH SHALL BE SUPPLEMENTAL AND IN
12ADDITION TO THOSE FUNDS APPROPRIATED BY ACT 541 OF
132025; AND FOR OTHER PURPOSES.
14
15
16Subtitle
17AN ACT TO MAKE AN APPROPRIATION FOR STATE
18TURNBACK FOR COUNTIES AND MUNICIPALITIES
19BY THE OFFICE OF THE TREASURER OF STATE
20SUPPLEMENTAL APPROPRIATION.
21
22
23 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF ARKANSAS:
24
25SECTION 1. APPROPRIATION - REAL PROPERTY TAX REDUCTION - COUNTIES.
26 There is hereby appropriated, to the Office of the Treasurer of State, to be
27 payable from the Property Tax Relief Trust Fund, for distributing funds
28 provided by a statewide property tax reduction to counties, by the Office of
29 the Treasurer of State which shall be supplemental and in addition to those
30 funds appropriated in Section 7 of Act 541 of 2025, the following:
31
32 ITEM  FISCAL YEAR
33  NO.  2025-2026
34 (01)     DISTRIBUTION TO COUNTIES FOR PROPERTY
35TAX RELIEF  $90,000,000
36
*JAR140*  04/14/2026 2:02:01 PM JAR140
  HB1094
1      SECTION 2. COMPLIANCE WITH OTHER LAWS.   Disbursement of funds
2 authorized by this act shall be limited to the appropriation for such agency
3 and funds made available by law for the support of such appropriations; and
4 the restrictions of the State Procurement Law, the General Accounting and
5 Budgetary Procedures Law, the Revenue Stabilization Law, the Regular Salary
6 Procedures and Restrictions Act, or their successors, and other fiscal
7 control laws of this State, where applicable, and regulations promulgated by
8 the Department of Finance and Administration, as authorized by law, shall be
9 strictly complied with in disbursement of said funds.
10
11      SECTION 3. LEGISLATIVE INTENT.   It is the intent of the General
12 Assembly that any funds disbursed under the authority of the appropriations
13 contained in this act shall be in compliance with the stated reasons for
14 which this act was adopted, as evidenced by the Agency Requests, Executive
15 Recommendations and Legislative Recommendations contained in the budget
16 manuals prepared by the Department of Finance and Administration, letters, or
17 summarized oral testimony in the official minutes of the Arkansas Legislative
18 Council or Joint Budget Committee which relate to its passage and adoption.
19
20      SECTION 4. EMERGENCY CLAUSE.   It is found and determined by the General
21 Assembly, that funds provided by the General Assembly for the operations of
22 the Office of the Treasurer of State are, due to unforeseen circumstances,
23 insufficient for the Office of the Treasurer of State to continue to provide
24 essential governmental services; that the provisions of this act will provide
25 the necessary monies for the Office of the Treasurer of State to continue
26 such services; and that a delay in the effective date of this Act could work
27 irreparable harm upon the proper administration and provision of essential
28 governmental programs. Therefore, an emergency is hereby declared to exist
29 and this Act being necessary for the immediate preservation of the public
30 peace, health and safety shall be in full force and effect from and after the
31 date of its passage and approval.
32If the bill is neither approved nor vetoed by the Governor, it shall
33   become effective on the expiration of the period of time during which the
34  Governor may veto the bill.   If the bill is vetoed by the Governor and the
35   veto is overridden, it shall become effective on the date the last house
36 overrides the veto.  APPROVED: 4/27/26
204/14/2026 2:02:01 PM JAR140