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*JAR099* 04-15-2026 15:13:33 JAR099
State of Arkansas As Engrossed: H4/15/26 1
95th General Assembly A Bill 2
Fiscal Session, 2026 HOUSE BILL 1050 3
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By: Joint Budget Committee 5
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For An Act To Be Entitled 8
AN ACT TO MAKE AN APPROPRIATION FOR DISTRIBUTION OF 9
AMENDMENT 74 FUNDS TO COUNTIES BY THE OFFICE OF THE 10
TREASURER OF STATE FOR THE FISCAL YEAR ENDING JUNE 11
30, 2027; AND FOR OTHER PURPOSES. 12
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Subtitle 15
AN ACT FOR THE OFFICE OF THE TREASURER OF 16
STATE - AMENDMENT 74 PROPERTY TAX 17
APPROPRIATION FOR THE 2026-2027 FISCAL 18
YEAR. 19
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BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF ARKANSAS: 22
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SECTION 1. APPROPRIATION - AMENDMENT 74. There is hereby appropriated, 24
to the Office of the Treasurer of State, to be payable from the Uniform Tax 25
Rate Trust Fund, for redistribution of property tax funds to counties as 26
required by Amendment 74 to the Arkansas Constitution by the Office of the 27
Treasurer of State for the fiscal year ending June 30, 2027, the following: 28
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ITEM FISCAL YEAR 30
NO. 2026-2027 31
(01) DISTRIBUTION OF FUNDS TO COUNTIES $1,800,000,000 32
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SECTION 2. COMPLIANCE WITH OTHER LAWS. Disbursement of funds 34
authorized by this act shall be limited to the appropriation for such agency 35
and funds made available by law for the support of such appropriations; and 36
As Engrossed: H4/15/26 HB1050
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the restrictions of the State Procurement Law, the General Accounting and 1
Budgetary Procedures Law, the Revenue Stabilization Law, the Regular Salary 2
Procedures and Restrictions Act, or their successors, and other fiscal 3
control laws of this State, where applicable, and regulations promulgated by 4
the Department of Finance and Administration, as authorized by law, shall be 5
strictly complied with in disbursement of said funds. 6
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SECTION 3. LEGISLATIVE INTENT. It is the intent of the General 8
Assembly that any funds disbursed under the authority of the appropriations 9
contained in this act shall be in compliance with the stated reasons for 10
which this act was adopted, as evidenced by the Agency Requests, Executive 11
Recommendations and Legislative Recommendations contained in the budget 12
manuals prepared by the Department of Finance and Administration, letters, or 13
summarized oral testimony in the official minutes of the Arkansas Legislative 14
Council or Joint Budget Committee which relate to its passage and adoption. 15
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SECTION 4. EMERGENCY CLAUSE. It is found and determined by the General 17
Assembly, that the Constitution of the State of Arkansas prohibits the 18
appropriation of funds for more than a one (1) year period; that the 19
effectiveness of this Act on July 1, 2026 is essential to the operation of 20
the agency for which the appropriations in this Act are provided, and that in 21
the event of an extension of the legislative session, the delay in the 22
effective date of this Act beyond July 1, 2026 could work irreparable harm 23
upon the proper administration and provision of essential governmental 24
programs. Therefore, an emergency is hereby declared to exist and this Act 25
being necessary for the immediate preservation of the public peace, health 26
and safety shall be in full force and effect from and after July 1, 2026. 27
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/s/Joint Budget Committee 29
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