To Provide Funding For The Correctional Facilities Set-aside; To Provide For The Transfer Of Funds From The Securities Reserve Fund; And To Declare An Emergency.
Impact
The enactment of SB633 will directly affect the financial management of state funds allocated towards correctional facility construction. By channeling funds into the Correctional Facilities Set-Aside, it addresses longstanding concerns regarding overcrowding and safety in Arkansas prisons. This financial infusion is expected to aid in the establishment of better facilities that accommodate growing inmate populations while adhering to modern standards of security and inmate rehabilitation.
Summary
SB633 is a legislative proposal aimed at providing significant funding for the construction and maintenance of correctional facilities in Arkansas. The bill outlines a framework for the allocation and transfer of funds from the Securities Reserve Fund and involves a direct transfer of $250 million from the General Revenue Allotment Reserve Fund to the Correctional Facilities Set-Aside. This funding is deemed necessary to support ongoing and future prison construction projects within the state. The bill is presented as an urgency measure, highlighting critical time sensitivities associated with prison infrastructure needs.
Contention
While the bill seeks to resolve pressing infrastructural challenges within the state's correctional system, it may spark debate over budget allocations and priorities in state spending. Advocates for criminal justice reform might contend that such a large allocation to prison infrastructure could detract from funding essential social services or rehabilitation programs. Additionally, there may be scrutiny over the efficiency and transparency of fund management, citing concerns regarding oversight of expenditures in the prison construction process.
To Establish The Water And Sewer Treatment Facilities Grant Program; To Transfer Funding From The Securities Reserve Fund; And To Declare An Emergency.
To Reduce The Income Tax Levied On Individuals, Trusts, Estates, And Corporations; To Transfer Surplus Funds To The Arkansas Reserve Fund Set-aside; And To Declare An Emergency.
To Reduce The Income Tax Levied On Individuals, Trusts, Estates, And Corporations; To Transfer Surplus Funds To The Arkansas Reserve Fund Set-aside; And To Declare An Emergency.
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 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.
An Act To Transfer Funds, Define Monies Available In The Restricted Reserve Fund, And To Allow Additional Funds For State Departments, Agencies And Institutions; And For Other Purposes.
To Create And Transfer Funds To The Arkansas Reserve Fund Set-aside In The Restricted Reserve Fund To Allow That Additional Funds May Be Made Available For State Departments, Agencies, And Institutions; And For Other Purposes.
To Create And Transfer Funds To The Arkansas Reserve Fund Set-aside In The Restricted Reserve Fund To Allow That Additional Funds May Be Made Available For State Departments, Agencies, And Institutions; And For Other Purposes.
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.