AR
Arkansas House Bill HB1016

Arkansas 2022 Regular Session

Arkansas House Bill HB1016

Introduced
2/7/22  
Refer
2/14/22  
Report Pass
2/15/22  
Engrossed
2/16/22  
Enrolled
2/18/22  
Chaptered
2/23/22  

Caption

An Act For The Department Of Commerce - Arkansas Development Finance Authority Appropriation For The 2022-2023 Fiscal Year.

Impact

The bill's passage is expected to facilitate the smooth operation of various programs managed by the Arkansas Development Finance Authority, which play a critical role in housing assistance and economic growth within the state. By assuring funding for personal services and operational needs, it ensures that the authority can effectively contribute to state initiatives that address housing and financial accessibility, particularly for low-income residents.

Summary

House Bill 1016 is an appropriations bill that allocates funds for the Department of Commerce and the Arkansas Development Finance Authority for the fiscal year ending June 30, 2023. The bill provides for personal services and operating expenses necessary for the functioning of the department, signaling a commitment by the state to support commerce-related initiatives. This funding is crucial for maintaining the department's capacity to support housing programs, student loans, and economic development activities.

Sentiment

The overall sentiment around HB 1016 appeared to be supportive, as it aligns with broader efforts to bolster economic support through structured funding allocations. Legislators and stakeholders recognized the importance of maintaining financial support for essential programs and services that serve the community, reflecting a collective understanding of the need for these financial resources.

Contention

While the bill was passed with unanimity in voting, which indicates broad consensus, there are potential points of contention that could arise regarding the specific allocations and how effectively the funds will be utilized. Questions may also surface about accountability and oversight of the funds being appropriated, particularly in relation to the effectiveness of the programs funded by this bill.

Latest HB1016 Activity

Companion Bills

No companion bills found.

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