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AR HB2109

Bill

Official Source

Status

Passed

4/3/2017

Primary Sponsor

J.P. Johnson

Click for details

Origin

House of Representatives

91st General Assembly (2017 Regular)

AI Summary

  • Amends Arkansas Code § 17-25-304(a) regarding financial statement requirements for Contractors Licensing Board licensees
  • Changes accounting standards reference from "American Institute of Certified Public Accountants' Professional Standards" to "American Institute of Certified Public Accountants Statements on Standards for Accounting and Review Services"
  • Allows applicants with total project costs less than $750,000 to submit compiled financial statements instead of reviewed financial statements
  • Requires financial statements be prepared by a licensed certified public accountant or licensed public accountant in both cases
  • Applies to both original and renewal applications submitted to the Contractors Licensing Board

Legislative Description

To Amend The Law Concerning Financial Statements Required To Be Submitted By A Licensee Of The Contractors Licensing Board.

Last Action

Notification that HB2109 is now Act 805

4/3/2017

Committee Referrals

State Agencies & Governmental Affairs3/15/2017
Public Health, Welfare and Labor3/7/2017

Full Bill Text

No bill text available