Arkansas HB1050 appropriates funds for the redistribution of property tax to counties for fiscal year 2026-2027.

Arkansas HB1050 allocates $1.8 billion from the Uniform Tax Rate Trust Fund to the Office of the Treasurer of State for the redistribution of property tax funds to counties as mandated by Amendment 74 to the Arkansas Constitution. This appropriation is essential for the fiscal year ending June 30, 2027, and is strictly governed by state laws and regulations. The disbursement of these funds must comply with the State Procurement Law, the General Accounting and Budgetary Procedures Law, the Revenue Stabilization Law, and other relevant laws.

Arkansas HB1050 appropriates funds for the redistribution of property tax to counties for fiscal year 2026-2027.

Arkansas HB1050 allocates $1.8 billion from the Uniform Tax Rate Trust Fund to the Office of the Treasurer of State for the redistribution of property tax funds to counties as mandated by Amendment 74 to the Arkansas Constitution. This appropriation is essential for the fiscal year ending June 30, 2027, and is strictly governed by state laws and regulations. The disbursement of these funds must comply with the State Procurement Law, the General Accounting and Budgetary Procedures Law, the Revenue Stabilization Law, and other relevant laws.