TO AUTHORIZE THE INTRODUCTION OF A NONAPPROPRIATION BILL TO AMEND THE REVENUE STABILIZATION LAW, TO CREATE FUNDS, AND TO MAKE TRANSFERS TO AND FROM FUNDS AND FUND ACCOUNTS.
HR 1004 is a House Resolution that authorizes Representative Jean to introduce a separate nonappropriation bill dealing with Arkansas fiscal law. The underlying bill would amend the Revenue Stabilization Law, create new funds, and authorize transfers to and from funds and fund accounts. In practical terms, it is a procedural resolution that opens the door for legislation affecting how state revenues are organized, allocated, and moved among state accounts.
The resolution also includes an emergency clause for the proposed bill, stating that any changes to the state’s fiscal laws must take effect at the beginning of the fiscal year. It specifies a July 1, 2026 effective date to avoid a lapse in critical and essential state services at the start of the next fiscal year. The resolution itself does not change substantive law; it authorizes introduction of the related bill and signals that the fiscal changes are intended to be implemented immediately upon the new fiscal year.
HR 1004 does not directly amend Arkansas statutes, but it authorizes introduction of legislation that would amend the Revenue Stabilization Law, create funds, and permit transfers among funds and fund accounts. If the underlying bill is enacted, it could affect state budgeting, fund accounting, and the distribution of revenues across state programs and accounts governed by § 19-20-101 et seq. The emergency clause indicates the changes are intended to take effect on July 1, 2026, to support continuity of state operations.
The available record suggests a generally routine and favorable posture toward the resolution. The bill was read and adopted, and there is no recorded committee debate or vote breakdown indicating opposition. The emergency language reflects a practical concern about maintaining uninterrupted state services at the start of the fiscal year, which likely supported adoption.
No specific points of contention are documented in the available materials. Because there are no committee transcripts or recorded votes, there is no evidence of disagreement over the creation of funds, the transfer authority, or the emergency clause. Any potential concerns would likely center on fiscal management, fund restructuring, or the timing of implementation, but those issues are not expressly reflected in the record provided.