To Amend The Revenue Stabilization Law; To Create Funds, To Repeal Funds, And To Make Transfers To And From Funds And Fund Accounts; And To Declare An Emergency.
Impact
The bill notably creates the Arkansas River Navigation System Fund, which will support the development, improvement, and expansion of river transportation resources within Arkansas. Additionally, it adjusts allocations across several existing public service funds, including education and health funding. These changes reflect a targeted approach to maintain and potentially enhance state services, which are vital for public welfare.
Summary
Senate Bill 80 seeks to amend the Revenue Stabilization Law by creating new funds, repealing existing funds, and facilitating transfers to and from various fund accounts. This bill plays a crucial role in establishing a framework for the allocation of state revenues and aims to ensure that critical services can continue uninterrupted at the beginning of the upcoming fiscal year. The legislative intent is to enhance the effectiveness of fund distribution while aligning with financial needs throughout Arkansas.
Sentiment
The overall sentiment surrounding SB80 appears to be supportive, particularly among those focused on public health and infrastructure advancements. Legislative discussions have highlighted the bill’s necessity for avoiding service lapses and ensuring streamlined funding processes. Nevertheless, some concerns might arise regarding the efficiency of fund allocation and the impacts of repealing certain funds, although specific opposition is not prominently recorded in the transcripts.
Contention
While the bill is positioned as a crucial mechanism to stabilize and effectively allocate state revenues, potential points of contention could revolve around the elimination of specific funds that some stakeholders may rely on. Additionally, the significant emphasis on infrastructure funding and specific allocations raises questions about prioritization among various community needs. As the bill moves forward, continued discussions will likely focus on balancing financial accountability with the state's diverse funding requirements.
To Amend The Revenue Stabilization Law; To Create Funds, To Repeal Funds, And To Make Transfers To And From Funds And Fund Accounts; And To Declare An Emergency.
To Authorize The Introduction Of A Nonappropriation Bill Amending The Revenue Stabilization Law, Creating Funds, Repealing Funds, And Making Transfers To And From Funds And Fund Accounts.
To Authorize The Introduction Of A Nonappropriation Bill Amending The Revenue Stabilization Law, Creating Funds, Repealing Funds, And Making Transfers To And From Funds And Fund Accounts.
To Authorize The Introduction Of A Nonappropriation Bill To Amend The Revenue Stabilization Law, To Create Funds, To Repeal Funds, And To Make Transfers To And From Funds And Fund Accounts.
To Authorize The Introduction Of A Nonappropriation Bill To Amend The Revenue Stabilization Law, To Create Funds, To Repeal Funds, And To Make Transfers To And From Funds And Fund Accounts.
To Authorize The Introduction Of A Nonappropriation Bill To Amend The Revenue Stabilization Law, Create Funds, And Make Transfers To And From Funds And Fund Accounts.
To Authorize The Introduction Of A Nonappropriation Bill To Amend The Revenue Stabilization Law, Create Funds, And Make Transfers To And From Funds And Fund Accounts.
To Authorize The Introduction Of A Nonappropriation Bill To Revise The Revenue Stabilization Law, Create Funds, And Make Transfers To And From Funds And Fund Accounts.