Arkansas governor signs bills creating $173M COVID-19 fund

Arkansas governor signs bills creating $173M COVID-19 fund
pic of Arkansas State Capitol in Little Rock, AR (Source: KAIT-TV)

LITTLE ROCK, Ark. (KAIT) - Arkansas' governor has signed into law a measure creating a $173 million fund to combat the coronavirus and to address a budget shortfall the state faces because of the outbreak.

Gov. Asa Hutchinson signed the legislation early Saturday moving the state's surplus into the newly created “COVID-19 Rainy Day Fund."

The governor can access the fund with the approval of legislative leaders. Hutchinson signed the legislation shortly after the House and Senate approved the legislation in a midnight meeting.

The votes cap a special session Hutchinson called in response to a $353 million shortfall projected because of the pandemic.

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