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AR HB2046

Bill

Official Source

Status

Failed

5/17/2013

Primary Sponsor

Walls McCrary

Click for details

Origin

House of Representatives

89th General Assembly (2013 Regular)

AI Summary

  • Expands the Arkansas Development Finance Authority's authority to issue bonds and allocate federal new market tax credits
  • Identifies public purposes for bonds and other financing mechanisms
  • Expands options available for financing public needs
  • Reduces risk associated with public-sector borrowing
  • Amends Arkansas Code provisions relating to public finance

Legislative Description

To Amend Arkansas Laws Relating To Public Finance; To Expand The Authority Of The Arkansas Development Finance Authority To Issue Bonds And Allocate Certain Federal Credits; And To Expand The Options For Financing Public Needs.

Last Action

Died in House Committee at Sine Die adjournment.

5/17/2013

Committee Referrals

Insurance and Commerce3/11/2013

Full Bill Text

No bill text available