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AR SB7
Bill
Status
4/10/2017
Primary Sponsor
Keith Ingram
Click for details
AI Summary
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Amends Arkansas Constitution, Article 19, Section 30(b)(2)(A) to expand the definition of "gift" to include any advance or loan, regardless of whether interest is charged.
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Adds new subdivision (14) defining "advance or loan" as any sum of money borrowed with the expectation of repayment.
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Excludes from the definition of prohibited gifts any advances or loans made in the ordinary course of business by financial institutions or businesses that regularly extend credit.
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Applies to constitutional officers in Arkansas regarding ethics violations related to soliciting or accepting loans from lobbyists.
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Approved April 7, 2017.
Legislative Description
To Amend The Law Concerning Ethics Violations By Certain Elected Officials; To Prohibit Constitutional Officers From Soliciting Or Accepting Loans From Lobbyists; And To Amend Arkansas Constitution, Article 19, Section 30.
Last Action
Notification that SB7 is now Act 1108
4/10/2017