Arkansas House Bill HR1010

Arkansas 2024 Regular Session

• Introduced: 4/10/24
• Report Pass: 4/16/24
• Refer: 4/10/24
• Passed: 4/17/24

Caption

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.

Impact

The legislation primarily impacts the Arkansas River Navigation System Fund and the Public Health Fund by establishing clear guidelines on the usage and sources of funding. For example, the Arkansas River Navigation System Fund will support the development and expansion of river transportation, which is vital for the economic growth of the region. Similarly, the Public Health Fund will focus on supporting regional health centers and the overall health services administered by the Department of Health. The enactment of HR1010 is expected to streamline financial management within these sectors and ensure continued support for essential services.

Summary

House Resolution 1010 (HR1010) is a legislative proposal introduced to amend the Revenue Stabilization Law in Arkansas. The main objectives of HR1010 are to create new funds, repeal existing ones, and facilitate transfers to and from various fund accounts. This bill is a non-appropriation measure, which implies it addresses the organization of financial resources without allocating new funds. Its provisions aim to enhance the management and flow of funds within certain state departments and services, reflecting a strategic approach to fiscal governance in the state.

Contention

Despite the bill's focus on improving financial management, discussions around HR1010 may raise concerns regarding the potential for reduced local autonomy in financial matters. Critics might argue that centralizing the control of various funds can lead to inefficiencies and conflicts with community priorities. Furthermore, the emergency clause included in HR1010 suggests a pressing need for these changes, which could limit adequate public discourse on the legislative measures and their implications. Stakeholders may express varied opinions based on how the changes will affect state-substate relationships and the prioritized use of the funds created and managed under this law.