Arkansas 2025 Regular Session

Arkansas House Bill HB1113

Introduced

1/13/25

Refer

1/13/25

Report Pass

1/21/25

Engrossed

1/22/25

Enrolled

1/23/25

Chaptered

1/27/25

Passed

1/27/25

Caption

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

Summary

HB1113 is an annual appropriation bill for the Arkansas Office of the Treasurer of State to pay debt service on two categories of general obligation bonds during fiscal year 2025-2026. It provides $42 million for the College Savings and Higher Education General Obligation Bonds, including $10 million for refunds/reimbursements and $32 million for debt service, and $43 million for the Water, Waste Disposal, and Pollution Abatement General Obligation Bonds, including $15 million for refunds/reimbursements and $28 million for debt service. The bill also includes a transfer provision allowing the State Treasurer to move money from the refunds/reimbursements line item to the debt service line item if needed to ensure bond payments are made. Like most appropriation measures, it is limited to the fiscal year ending June 30, 2026, and contains standard language requiring compliance with state fiscal control, procurement, accounting, and budget laws. An emergency clause makes the act effective July 1, 2025.

Impact

HB1113 does not create new programs or change substantive bond-authorizing statutes; instead, it funds existing obligations under Arkansas Code provisions governing college savings, higher education, water, waste disposal, and pollution abatement bonds. Its practical effect is to authorize the Treasurer to use specified bond funds to meet scheduled principal and interest payments, helping preserve the state’s credit and ensure continued repayment of outstanding general obligation debt. The bill also reinforces the Treasurer’s authority to manage appropriated line items within the act to avoid any shortfall in debt service.

Sentiment

The available voting history shows strong bipartisan support, with the bill passing the House 100-0 and the Senate 33-0 on third reading. No committee transcripts were provided, and there is no indication of organized opposition or controversy in the available record. The overall sentiment appears routine and favorable, consistent with a standard debt-service appropriation necessary for state financial operations.

Contention

There is little visible contention in the record. The only potentially notable policy issue is the transfer provision, which gives the Treasurer flexibility to shift funds from refunds/reimbursements to debt service if appropriations prove insufficient; however, this appears to be a technical safeguard rather than a disputed feature. Because the bill is an appropriation for existing bond obligations, debate likely centered on fiscal administration rather than policy disagreement.

Latest AR HB1113 Activity

View All Events: AR 2025 Regular Session HB1113

Companion Bills

No companion bills found.

Similar Bills

MD SB282

Budget Bill (Fiscal Year 2027)

MD HB390

Budget Bill (Fiscal Year 2027)

MD HB0390

Budget Bill (Fiscal Year 2027)

MD HB350

Budget Bill (Fiscal Year 2026)

MD SB319

Budget Bill (Fiscal Year 2026)

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.