The Senate resolution proposed a bill that would direct state tax revenue to a county fund and send counties money for local needs if the fund reaches its target.
Each year the state would send $2 million to every county once the fund balance reaches $150 million.
Each year, the first $150 million in covered state tax revenue would go to the county fund; any remainder would go to the State Apportionment Fund.
Counties would use 90% of the money for infrastructure or equipment, and 10% for local fire or police services or a community project.
The proposed bill would create a state fund and distribute $2 million to each county when the fund reaches $150 million. The proposal covers every county in Arkansas. The distribution would happen each fiscal year when the fund balance equals $150 million.
The proposed bill would direct the first $150 million in covered state tax revenue each fiscal year to the county fund. The proposal applies to taxes, interest, penalties, and costs received under the cited tax chapter. The $150 million limit applies separately in each fiscal year.
Counties would have to use the distributed money for specified local purposes. These spending rules would apply to each county receiving a distribution. Counties would spend 90% on infrastructure or equipment, and 10% to support a fire department or district, a law enforcement agency, or a community project that benefits the county. The spending shares would apply to the money distributed to a county each fiscal year.
No hearings or votes scheduled.