AUTHORIZING 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.

Taxes

Active

The official status still shows this bill as active or still awaiting another formal step.

Sponsor: Jean
Last action: 2026-04-03
Official status: House -- READ AND ADOPTED.
Effective date: Not listed

Plain English Breakdown

The candidate explanation incorrectly stated that Representative Jean was the sponsor instead of Senator Dismang.

Allowing a Bill to Change Money Rules

This bill lets someone introduce a new law that changes how the state manages money and funds.

What This Bill Does

Authorizes Senator Dismang to introduce a bill.
The new bill will amend rules about managing money in the Revenue Stabilization Law.
It creates new funds and allows transfers between different fund accounts.
Declares an emergency so that these changes can take effect on July 1, 2026.

Who It Names or Affects

The state government
People who manage the state's money

Terms To Know

Revenue Stabilization Law: A set of rules that help the state handle its income and expenses.
Funds: Money kept in special accounts for specific uses by the government.

Limits and Unknowns

The bill does not specify exactly how much money will be transferred or created.
It is unclear what services might be affected if changes are delayed beyond July 1, 2026.

Bill History

No action history is stored for this bill yet.

Official Summary Text

AUTHORIZING 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.

Current Bill Text

Read the full stored bill text

*MBM249* 04/03/2026 10:44:16 AM MBM249
State of Arkansas 1
95th General Assembly 2
Fiscal Session, 2026 HR 1005 3
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By: Representative Jean 5
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HOUSE RESOLUTION 8
AUTHORIZING THE INTRODUCTION OF A NONAPPROPRIATION 9
BILL TO AMEND THE REVENUE STABILIZATION LAW, TO 10
CREATE FUNDS, AND TO MAKE TRANSFERS TO AND FROM FUNDS 11
AND FUND ACCOUNTS. 12
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Subtitle 15
AUTHORIZING THE INTRODUCTION OF A 16
NONAPPROPRIATION BILL TO AMEND THE 17
REVENUE STABILIZATION LAW, TO CREATE 18
FUNDS, AND TO MAKE TRANSFERS TO AND FROM 19
FUNDS AND FUND ACCOUNTS. 20
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BE IT RESOLVED BY THE HOUSE OF REPRESENTATIVES OF THE NINETY-FIFTH GENERAL 23
ASSEMBLY OF THE STATE OF ARKANSAS: 24
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THAT Senator Dismang is authorized to introduce a bill which as 26
introduced will read substantially as follows: 27
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"Title 29
AN ACT TO AMEND THE REVENUE STABILIZATION LAW; TO CREATE FUNDS; TO MAKE 30
TRANSFERS TO AND FROM FUNDS AND FUND ACCOUNTS; TO DECLARE AN EMERGENCY; AND 31
FOR OTHER PURPOSES. 32
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Subtitle 34
TO AMEND THE REVENUE STABILIZATION LAW; TO CREATE FUNDS; TO MAKE TRANSFERS TO 35
AND FROM FUNDS AND FUND ACCOUNTS; AND TO DECLARE AN EMERGENCY. 36
HR1005

2 04/03/2026 10:44:16 AM MBM249
BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF ARKANSAS: 1
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SECTION 1. The purpose of this act is to amend the Revenue 3
Stabilization Law, § 19-20-101 et seq., to create funds, and to make 4
transfers to and from funds and fund accounts. 5
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SECTION 2. EMERGENCY CLAUSE. It is found and determined by the 7
General Assembly of the State of Arkansas that changes to the state's fiscal 8
laws must take effect at the beginning of the fiscal year; and that it is 9
necessary for this act to become effective on July 1, 2026, to avoid a lapse 10
in critical and essential services that the state government provides to the 11
citizens of this state at the beginning of the next fiscal year. Therefore, 12
an emergency is declared to exist, and this act being necessary for the 13
preservation of the public peace, health, and safety shall become effective 14
on July 1, 2026." 15
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