WeVote
Log In

Bill

Bill

HB 1050

AN ACT FOR THE OFFICE OF THE TREASURER OF STATE - AMENDMENT 74 PROPERTY TAX APPROPRIATION FOR THE 2026-2027 FISCAL YEAR.

2026 Fiscal Session

HB 1050 appropriates Amendment 74 property tax revenue to Arkansas's State Treasurer Office for fiscal year 2026-2027 operations and treasury functions.

Notification that HB1050 is now Act 100
0
WeVote Research Nonpartisan
Bill Summary · HB 1050

Legislative bill overview

HB 1050 is an appropriations bill that allocates state funds from Amendment 74 property tax revenue to the Office of the Treasurer of State for the 2026-2027 fiscal year. Amendment 74 is Arkansas's constitutional amendment establishing a dedicated funding mechanism for specific state services. The bill follows standard legislative procedure for authorizing state agency budgets.

Why is this important

State treasurer operations handle billions in state funds, bond management, and investment activities, making budget authorization directly relevant to fiscal management and state financial operations. The appropriation amount and any conditions attached will determine the resources available for treasury functions during this budget period. Amendment 74 revenue represents constitutionally-dedicated funds that legislators must formally appropriate before spending.

Potential points of contention

  • Amendment 74 allocation priorities – Debate over whether treasurer office funding is the appropriate use of this dedicated revenue stream versus other constitutional purposes
  • Budget amount specifics – The actual dollar figure appropriated may be questioned as insufficient or excessive relative to agency needs and available revenue
  • Transparency of fund usage – Questions about how treasury staff and operations are funded and whether current budget is adequately justified to the public

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

Sign in to ask a question.