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AR HB1825
Bill
Status
Passed
3/20/2015
Primary Sponsor
Andy Davis
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AI Summary
- Clarifies definition of "General revenues" by changing "Gross general revenues" to "General revenues" and specifying revenues described in § 19-6-201 or successor law
- Repeals the definition of "Net general revenues" to eliminate reference to § 19-5-202(b)(2)(B)(iii)
- Changes the five percent (5%) limitation on Amendment 82 bond principal from being based on "net general revenues" to "General revenues" collected during the most recent fiscal year
- Amends "Amendment 82 agreement" definition to clarify that agreements must specify infrastructure needs "or other needs, or both" to be provided by the state
- Expands "Project costs" definition to explicitly include costs incurred by sponsors in developing projects and all costs to the commission associated with project development or operation in a supervisory capacity
Legislative Description
To Amend The Arkansas Amendment 82 Implementation Act.
Last Action
Notification that HB1825 is now Act 593
3/20/2015
Committee Referrals
Agriculture, Forestry and Economic Development3/16/2015
Agriculture, Forestry and Economic Development3/9/2015
Full Bill Text
No bill text available