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Rainy Day Funds Allocation

(LITTLE ROCK)  In other action, the Arkansas Senate voted 35-0 to approve HB1865 that would distribute up to $54.6 million in state surplus funds to several projects and up to $30 million in surplus funds for the governor to spend on projects. The House voted 84-8 to approve identical legislation, SB595.

The bills require the state treasurer to set aside the first $54.6 million of the funds transferred and credited to the rainy-day fund from surplus funds for several projects.

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