Arkansas 2024 Regular Session

Arkansas House Bill HB1023

Introduced

4/2/24

Refer

4/10/24

Introduced

4/2/24

Report Pass

4/23/24

Refer

4/10/24

Engrossed

4/25/24

Report Pass

4/23/24

Enrolled

4/30/24

Engrossed

4/25/24

Chaptered

5/3/24

Enrolled

4/30/24

Chaptered

5/3/24

Passed

5/3/24

Caption

An Act To Make An Appropriation For State Turnback For Counties And Municipalities By The Office Of The Treasurer Of State For The Fiscal Year Ending June 30, 2025; And For Other Purposes.

Impact

The implementation of HB 1023 would have a direct impact on state laws related to financial appropriations and the distribution of state funds to local governments. By allocating funds specifically for municipal and county support, it reinforces the commitment of the state to assist localities in managing their financial obligations. Additionally, the appropriations for property tax relief could help alleviate some financial burdens on residents and encourage smoother operations within local governments.

Summary

House Bill 1023 is an appropriation bill focused on providing financial support to counties and municipalities through state turnbacks for the fiscal year ending June 30, 2025. The bill outlines the allocation of various funds, including a significant amount for municipal aid totaling $215 million and $21.4 million for county aid. It also establishes provisions for distributing unforeseen special revenues, property tax relief, and loans to local governments to address cash flow needs.

Sentiment

The sentiment surrounding HB 1023 appears largely positive among lawmakers, who recognize the necessity of providing resources to local governments, particularly in light of their operational needs. There seems to be a broad consensus that financial support is vital for maintaining the services that local jurisdictions provide to their communities. However, it is essential to note that any apprehensions regarding the specificity of distribution formulas and financial accountability can create areas of contention.

Contention

While the bill is expected to pass with minimal opposition, discussions may arise regarding the appropriateness of the funding formulas and whether they adequately address the unique needs of different municipalities and counties. Legislators may debate the fairness of distribution, particularly concerning how the funding aligns with the varying sizes and financial conditions of local governments. Questions of transparency in the loan process for local governments and the efficacy of real property tax relief measures may also surface during legislative discussions.

Latest AR HB1023 Activity

View All Events: AR 2024 Regular Session HB1023

Companion Bills

No companion bills found.

Previously Filed As

AR HB1052

An Act To Make An Appropriation For State Turnback For Counties And Municipalities By The Office Of The Treasurer Of State For The Fiscal Year Ending June 30, 2027; And For Other Purposes.

AR HB1052

AN ACT TO MAKE AN APPROPRIATION FOR STATE TURNBACK FOR COUNTIES AND MUNICIPALITIES BY THE OFFICE OF THE TREASURER OF STATE FOR THE FISCAL YEAR ENDING JUNE 30, 2027; AND FOR OTHER PURPOSES.

AR HB1102

An Act To Make An Appropriation For State Turnback For Counties And Municipalities By The Office Of The Treasurer Of State For The Fiscal Year Ending June 30, 2026; And For Other Purposes.

AR HB1094

An Act To Make An Appropriation For State Turnback For Counties And Municipalities By The Office Of The Treasurer Of State Supplemental Appropriation.

AR HB1544

An Act To Make An Appropriation For State Turnback For Counties And Municipalities By The Office Of The Treasurer Of State Supplemental Appropriation.

AR HB1094

AN ACT TO MAKE AN APPROPRIATION FOR STATE TURNBACK FOR COUNTIES AND MUNICIPALITIES BY THE OFFICE OF THE TREASURER OF STATE SUPPLEMENTAL APPROPRIATION.

AR HB1106

An Act For The Office Of The Treasurer Of State Appropriation For The 2025-2026 Fiscal Year.

AR HB1033

An Act For The Office Of The Treasurer Of State - Refund Of Local Taxes Appropriation For The 2026-2027 Fiscal Year.

AR HB1033

AN ACT FOR THE OFFICE OF THE TREASURER OF STATE - REFUND OF LOCAL TAXES APPROPRIATION FOR THE 2026-2027 FISCAL YEAR.

AR H5076

MAKING APPROPRIATIONS FOR THE SUPPORT OF THE STATE FOR THE FISCAL YEAR ENDING JUNE 30, 2026

Similar Bills

MD SB282

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MD HB390

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MD HB0390

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MD HB350

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MD SB319

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PA HB1330

To provide appropriations from the General Fund for the expenses of certain agencies of the Executive Department for the fiscal year July 1, 2025, to June 30, 2026, and for the payment of bills incurred and remaining unpaid at the close of the fiscal year ending June 30, 2025.

PA SB160

To provide appropriations from the General Fund for the expenses of the Executive, Legislative and Judicial Departments of the Commonwealth, the public debt and the public schools for the fiscal year July 1, 2025, to June 30, 2026, and for the payment of bills incurred and remaining unpaid at the close of the fiscal year ending June 30, 2025; to provide appropriations from special funds and accounts to the Executive and Judicial Departments for the fiscal year July 1, 2025, to June 30, 2026, and for the payment of bills remaining unpaid at the close of the fiscal year ending June 30, 2025; to provide for the appropriation of Federal funds to the Executive and Judicial Departments for the fiscal year July 1, 2025, to June 30, 2026, and for the payment of bills remaining unpaid at the close of the fiscal year ending June 30, 2025; and to provide for the additional appropriation of Federal and State funds to the Executive and Legislative Departments for the fiscal year July 1, 2024, to June 30, 2025, and for the payment of bills incurred and remaining unpaid at the close of the fiscal year ending June 30, 2024.

PA SB1220

To provide appropriations from the General Fund for the expenses of the Executive, Legislative and Judicial Departments of the Commonwealth, the public debt and the public schools for the fiscal year July 1, 2026, to June 30, 2027, and for the payment of bills incurred and remaining unpaid at the close of the fiscal year ending June 30, 2026; to provide appropriations from special funds and accounts to the Executive and Judicial Departments for the fiscal year July 1, 2026, to June 30, 2027, and for the payment of bills remaining unpaid at the close of the fiscal year ending June 30, 2026; to provide for the appropriation of Federal funds to the Executive and Judicial Departments for the fiscal year July 1, 2026, to June 30, 2027, and for the payment of bills remaining unpaid at the close of the fiscal year ending June 30, 2026.