News Blog for social, fiscal & national security conservatives who believe in God, family & the USA. Upholding the rights granted by God & guaranteed by the U.S. Constitution, traditional family values, "republican" principles / ideals, transparent & limited "smaller" government, free markets, lower taxes, due process of law, liberty & individual freedom. Content approval rests with the ARRA News Service Editor. Opinions are those of the authors. While varied positions are reported, beliefs & principles remain fixed. No revenue is generated for or by this "Blog" - no paid ads - no payments for articles.Fair Use Doctrine is posted & used. Blogger/Editor/Founder: Bill Smith, Ph.D. [aka: OzarkGuru & 2010 AFP National Blogger of the Year] Contact: editor@arranewsservice.com (Pub. Since July, 2006)Home PageFollow @arra
One of the penalties for refusing to participate in politics
is that you end up being governed by your inferiors. -- Plato
(429-347 BC)
Thursday, March 01, 2007
Womack on local appropriations & Payday loan interest
KTLO News: The state legislature continues to wrestle with trying to come up with a legal mechanism that would allow for the funding of local projects from the General Improvement Fund and State Senator Shawn Womack (R-Mountain Home), co-chairman of the Joint Budget Comm., finds himself in the middle of a major controversy.
A coalition of state senators has agreed to delay passage of some appropriation bills to try and make sure that state needs are properly addressed before state funds are committed to local projects. Womack was critical of the effort led by State Sen. Jim Argue (R-Little Rock). While some other legislative leaders declined to comment, Womack called it "some folks throwing a tantrum because they are not driving the bus anymore." Womack was referring to a major change in Senate and House leadership last fall. ...
Also in the Senate, is a bill sponsored by Sen. Womack that is designed to severely limit the interest rate on "payday loans." It hit a major roadblock in the Senate Comm. on Insurance and Commerce. The bill, which had passed the House by an large margin, needed five votes to move it to the full Senate, but it got only one. It can be brought up one more time in the committee. Every payday lending store in Arkansas, about 275, charge more than 17% annual interest the maximum allowed by the state constitution. Tags:Arkansas, Jim Argue, Payday loans, Shawn Womack
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