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HB 1088

AN ACT FOR THE DEPARTMENT OF FINANCE AND ADMINISTRATION - DISBURSING OFFICER SUPPLEMENTAL APPROPRIATION.

2026 Fiscal Session

The bill provides $8,000,000 for pension and relief fund tax payments and $5,000,000 for fire department funding, as supplemental appropriations for FY 2025-2026.

Notification that HB1088 is now Act 111
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WeVote Research Nonpartisan
Bill Summary · HB 1088

Summary of HB 1088 (2026F) — Arkansas

Purpose

HB 1088 is an appropriation bill authorizing supplemental funds for the Department of Finance and Administration (DFA), specifically for the DFA’s Disbursing Officer. The supplemental funds are intended to support the Firemen’s and Police Officers’ Pension and Relief Funds and to provide additional funding for fire department payments through the Fire Protection Premium Tax Fund. The act is described as supplemental and in addition to funds already appropriated by Act 1006 of 2025.

Key Provisions

  1. Pension and Relief Fund Support (Section 1)

    • Establishes an appropriation to DFA Disbursing Officer from the Firemen’s and Police Officers’ Pension and Relief Fund.
    • Purpose: Payment of Firemen’s and Police Officers’ Pension and Relief Fund taxes for municipal fire and police relief and pension funds.
    • Amount: $8,000,000 for Fiscal Year 2025-2026.
    • This is supplemental to the funds already appropriated in Act 1006 of 2025, Section 4.

  2. Fire Department Funding (Section 2)

    • Establishes an appropriation to DFA Disbursing Officer from the Fire Protection Premium Tax Fund.
    • Purpose: Additional funding for Arkansas fire departments as provided by statute (Arkansas Code sections 26-57-611, 26-57-614, and 14-284-101 et seq.).
    • Amount: $5,000,000 for Fiscal Year 2025-2026.
    • This is supplemental to the funds already appropriated in Act 1006 of 2025, Section 21.

  3. Compliance with Other Laws (Section 3)

    • Ensures disbursement is limited to the agency’s appropriations and available funds.
    • Requires strict compliance with applicable laws and regulations (e.g., State Procurement Law, General Accounting and Budgetary Procedures Law, Revenue Stabilization Law, Regular Salary Procedures and Restrictions Act, and related regulations).

  4. Legislative Intent (Section 4)

    • States that disbursements must align with the stated purposes reflected in budgeting materials (Agency Requests, Executive Recommendations, Legislative Recommendations) and corresponding minutes or summaries.

  5. Emergency Clause (Section 5)

    • Declares an emergency to justify immediate effect upon passage and approval.
    • Provides that, if the Governor neither approves nor vetoes, the act becomes effective at the end of the veto period.
    • If vetoed and the veto is overridden, it becomes effective on the date of the final override.

Affected Parties and Impact

  • Recipients:

    • Firemen’s and Police Officers’ Pension and Relief Funds (via DFA Disbursing Officer).
    • Municipal fire departments (via Fire Protection Premium Tax Fund allocations).

  • Institutions and Funds:

    • Department of Finance and Administration – Disbursing Officer (administers the allocations).
    • Firemen’s and Police Officers’ Pension and Relief Fund (state tax/pension-related funding stream).
    • Fire Protection Premium Tax Fund (funding stream for fire departments).

  • Fiscal Impact:

    • Increases total supplemental appropriations for FY 2025-2026:
    • $8,000,000 for Pension and Relief Fund taxes payments.
    • $5,000,000 for fire department payments.
    • These amounts supplement funds already provided under Act 1006 of 2025.

Timing and Procedure

  • Effective date: Emergency clause indicates immediate effect upon passage/approval; otherwise, follows standard veto or override timelines.
  • Financial controls: Disbursements must adhere to existing state fiscal laws and procurement regulations.
  • Oversight: Aligns with budget manuals and prior budget-related documentation to ensure purpose-consistent spending.

Notes

  • The bill explicitly designates these funds as supplemental to Act 1006 of 2025 allocations.
  • The actions are framed as necessary due to unforeseen circumstances requiring immediate funding to maintain essential governmental services.

Compiled from official sources — confirm details with the bill’s official record.

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