How HB 1027 changes current law

AI-generated reading aid from the bill's amendatory text — verify against the official bill.

The bill creates a requirement for the Treasurer of State to make a one-time contribution to Arkansas Brighter Future Fund Plan accounts.

• 6-84-115

  Contribution — Treasurer of State. (a) A contribution in the amount of one hundred dollars ($100) shall be transferred by the Treasurer of State from the General Revenue Fund Account of the State Apportionment Fund to each: (1) Existing account established for a designated beneficiary; and (2) Future account established for a designated beneficiary. (b) The Treasurer of State shall: (1) Administer the disbursement of funds under this section; and (2) Verify the eligibility under this subchapter of each existing account and future account that receives the contribution under subsection (a) of this section.

  The bill establishes a new section requiring the Treasurer to make a $100 contribution to each existing and future Brighter Future Fund account.