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HB 1052

AN ACT TO MAKE AN APPROPRIATION FOR STATE TURNBACK FOR COUNTIES AND MUNICIPALITIES BY THE OFFICE OF THE TREASURER OF STATE FOR THE FISCAL YEAR ENDING JUNE 30, 2027; AND FOR OTHER PURPOSES.

2026 Fiscal Session

Arkansas HB 1052 increases state turnback funds to counties and municipalities from 300M to 450M for FY2027, administered by the State Treasurer.

Correctly enrolled and ordered transmitted to the Governor's Office.
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Bill Summary · HB 1052

Summary: HB 1052 (2026 Fiscal Session, Arkansas)

Title

AN ACT TO MAKE AN APPROPRIATION FOR STATE TURNBACK FOR COUNTIES AND MUNICIPALITIES BY THE OFFICE OF THE TREASURER OF STATE FOR THE FISCAL YEAR ENDING JUNE 30, 2027; AND FOR OTHER PURPOSES.

Purpose and Intent

  • The bill provides an appropriation (state turnback) designated for counties and municipalities, administered through the Arkansas Office of the State Treasurer.
  • The underlying policy aim is to distribute a portion of state resources back to local governments (counties and municipalities) for the fiscal year ending June 30, 2027.

Key Provisions and Changes

  • Funding Level (as amended): The amendment to HB 1052 increases the authorized appropriation amount from $300,000,000 to $450,000,000.
    • This is a significant upward revision, indicating a larger scale of turnback disbursements to local governments than initially proposed.
  • Administration: The turnback payments are to be administered by the Arkansas Office of the State Treasurer.
  • Purpose of Funds: While the bill’s title identifies the funds as a state turnback for counties and municipalities, the text provided does not include detailed allocation formulas, eligible uses, or matching requirements. The core action is an appropriation for distribution to local governments, subject to any administrative rules or implementing guidance established by the Treasurer’s office.

Who Is Affected

  • Local Governments: Counties and municipalities in Arkansas that would receive a portion of the state turnback funds.
  • State Treasurer’s Office: Responsible for the administration and distribution of the appropriated funds, including any necessary guidelines, reporting, and compliance measures.

Procedural and Timeline Aspects

  • Amendment: An amendment (Amendment No. 1) was adopted, increasing the appropriation amount from $300,000,000 to $450,000,000.
  • Status Timeline:
    • Filed: April 1, 2026
    • First Reading: April 8, 2026 (rules suspended; referred to Joint Budget Committee)
    • Second Reading: April 8, 2026 (with rule suspension)
    • Amendment Adopted: April 15, 2026; bill ordered engrossed
    • Reported Correctly Engrossed: April 15, 2026
  • Amendment Impact: The amendment reflects the legislature’s intent to provide a larger state turnback to local governments, contingent on passage of HB 1052 with the amended amount.

Practical Implications

  • Local Fiscal Impact: Counties and municipalities could receive substantially more turnback funds than originally proposed, potentially influencing local budgeting, capital projects, debt service, and general fund operations for the 2027 fiscal year.
  • State Fiscal Impact: The state treasury would need to allocate and manage the larger appropriation, including capital and cash-flow planning, and ensure timely distribution to eligible local governments.
  • Oversight and Accountability: As with similar turnback programs, recipients may be subject to statutory or administrative reporting requirements, ensuring funds are used as intended and within the fiscal year.

Notes for Readers

  • The provided excerpt does not include detailed eligibility criteria, distribution formulas, or statutory conditions that typically accompany turnback programs. For a complete understanding, reviewers should consult the full fiscal bill text and any implementing regulations or schedules attached to the appropriation.

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

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