Arkansas SB633: TO PROVIDE FUNDING FOR THE CORRECTIONAL FACILITIES SET-ASIDE; TO PROVIDE FOR THE TRANSFER OF FUNDS FROM THE SECURITIES RESERVE FUND; AND TO DECLARE AN EMERGENCY

What the bill says

An act to be entitled an act to provide funding for the correctional facilities set-aside; to provide for the transfer of funds from the securities reserve fund; to declare an emergency; and for other purposes. subtitle to provide funding for the correctional facilities set-aside; to provide for the transfer of funds from the securities reserve fund; and to declare an emergency.

From the introduced text:

An Act To Be Entitled AN ACT TO PROVIDE FUNDING FOR THE CORRECTIONAL FACILITIES SET-ASIDE; TO PROVIDE FOR THE TRANSFER OF FUNDS FROM THE SECURITIES RESERVE FUND; TO DECLARE AN EMERGENCY; AND FOR OTHER PURPOSES. Subtitle TO PROVIDE FUNDING FOR THE CORRECTIONAL FACILITIES SET-ASIDE; TO PROVIDE FOR THE TRANSFER OF FUNDS FROM THE SECURITIES RESERVE FUND; AND TO DECLARE AN EMERGENCY. BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF ARKANSAS: SECTION 1. Arkansas Code § 19-5-905(a)(12), concerning the uses of the Securities Reserve Fund, is amended to read as follows: (12) After all distributions and transfers under this section, less one hundred thousand dollars ($100,000) under § 19-3-521(a)(2), for a transfer by the Chief Fiscal Officer of the State on the last business day of the fiscal year for that fiscal year of the fund balances to the Catastrophic Reserve Fund shall be held in a sub-fund as necessary to be distributed as follows: (A) On July 1, 2025 or upon the effective date of this Act: (i) The lesser of the remaining fund balance or one hundred twenty-five million dollars ($125,000,000) to the Correctional Facilities Set-Aside in the Restricted Reserve Fund; and *KMW053* 04/07/2025 4:15:14 PM KMW053 SB633 (ii) On September 2, 2025, any remaining fund balance, after the transfers under subdivisions (a)(12)(A)(i) of this section …

Read the full official text

Sponsors

• Joshua Bryant (R, 32) · primary sponsor
• Lane Jean (R, 99)

Latest actions

1. May 5, 2025: Died in Senate Committee at Sine Die adjournment.
2. April 7, 2025: Read first time, rules suspended, read second time, referred to JOINT BUDGET COMMITTEE
3. April 7, 2025: Filed

Common questions

What is SB633?

SB633 is a bill in the Arkansas Legislature (95th General Assembly (2025 Regular)): TO PROVIDE FUNDING FOR THE CORRECTIONAL FACILITIES SET-ASIDE; TO PROVIDE FOR THE TRANSFER OF FUNDS FROM THE SECURITIES RESERVE FUND; AND TO DECLARE AN EMERGENCY.

What does SB633 do?

In its own words: An act to be entitled an act to provide funding for the correctional facilities set-aside; to provide for the transfer of funds from the securities reserve fund; to declare an emergency; and for other purposes. subtitle to provide funding for the correctional facilities set-aside; to provide for the transfer of funds from the securities reserve fund; and to declare an emergency.

What is the status of SB633?

Failed as of May 5, 2025. Latest action: Died in Senate Committee at Sine Die adjournment. (May 5, 2025).

Who sponsored SB633?

Joshua Bryant (R, 32), with 1 co-sponsor.

Where is the official record for SB633?

On the Arkansas Legislature website: https://www.arkleg.state.ar.us/Bills/Detail?ddBienniumSession=2025%2F2025R&measureno=SB633