ArkansasSB6362025 Regular SessionSenateWALLET

AN ACT TO TRANSFER FUNDS; DEFINE THE MONIES TO BE AVAILABLE IN THE RESTRICTED RESERVE FUND; AND ALLOW ADDITIONAL FUNDS TO BE MADE AVAILABLE FOR STATE DEPARTMENTS, AGENCIES AND INSTITUTIONS; AND TO DECLARE AND EMERGENCY.

Sponsored By: Jonathan Dismang (Republican), Lane Jean (Republican)

Enacted

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Bill Overview

Analyzed Economic Effects

3 provisions identified: 2 benefits, 0 costs, 1 mixed.

State funds water and sewer grants

The law provides water and sewer treatment grants from the Securities Reserve Fund after other transfers authorized by lawmakers. It preserves at least $100,000 and transfers the lesser of the available balance or $25 million on each date: September 1, 2025; July 2, 2026; and July 1, 2027. This allows up to $75 million across the three transfers, with grant money held in a sub-fund as needed. Any balance left goes to the General Revenue Allotment Reserve Fund. For fiscal years starting July 1, 2028, or later, remaining money goes there on the fiscal year's last business day, without the earlier water-grant allocation.

State reserve gets unused public money

Starting July 1, 2025, Arkansas moves certified, unused state money and other authorized revenues into the Restricted Reserve Fund. Sources include named set-asides, qualifying reserve balances, recovered general revenues, and estate-tax revenues credited to the Development and Enhancement Fund. Development and Enhancement Fund balances measured June 30, 2025, exclude money needed for approved projects or already reallocated. Qualifying general revenue reserve balances exclude money needed for applicable laws passed by the 95th General Assembly. The fund can pay legally approved appropriations, including those not listed in this law; these provisions specify no total transfer amount or direct household payment.

Reserve recipients face funding checks

Starting July 1, 2025, reserve transfers require checks that protect approved uses of public money. Legislative approval comes from the Legislative Council, or the Joint Budget Committee during a legislative session. Before money leaves the reserve, the Chief Fiscal Officer must confirm that the spending law's requirements are met. Recipients must file a funding plan when required and certify legally required matching money before a project starts. Arkansas Legislative Audit can audit recipients to check whether money served its approved purpose.

Sponsors & Cosponsors

Sponsors

  • Jonathan Dismang

    Republican • Senate

  • Lane Jean

    Republican • House

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 116 • No: 12

House vote • 4/16/2025

House Vote - Wednesday, April 16, 2025 12:23:03 PM

Yes: 86 • No: 10 • Other: 1

Senate vote • 4/15/2025

Senate Vote - Tuesday, April 15, 2025 2:33:23 PM

Yes: 30 • No: 2 • Other: 2

Actions Timeline

  1. Notification that SB636 is now Act 1017

    4/23/2025Senate
  2. DELIVERED TO GOVERNOR.

    4/16/2025Senate
  3. Reported correctly enrolled and ordered delivered to the Governor.

    4/16/2025Senate
  4. ORDERED ENROLLED

    4/16/2025Senate
  5. Returned from the House as passed.

    4/16/2025Senate
  6. Returned to the Senate as passed.

    4/16/2025House
  7. EMERGENCY CLAUSE ADOPTED

    4/16/2025House
  8. Read the third time and passed and ordered transmitted to the Senate.

    4/16/2025House
  9. Read the first time, rules suspended, read the second time and placed on the CALENDAR.

    4/15/2025House
  10. RECEIVED FROM THE SENATE

    4/15/2025House
  11. Ordered immediately transmitted to the House.

    4/15/2025Senate
  12. EMERGENCY CLAUSE ADOPTED

    4/15/2025Senate
  13. Read the third time and passed.

    4/15/2025Senate
  14. Returned by the Committee, with the recommendation that it Do Pass

    4/14/2025Senate
  15. Read first time, rules suspended, read second time, referred to JOINT BUDGET COMMITTEE

    4/9/2025Senate
  16. Filed

    4/9/2025Senate

Bill Text

  • SB636 - Introduced

    4/9/2025

  • Act Version

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