AR HB1386

Changes Arkansas Code § 14-164-704(b) to amend notice requirements for property sales involving in-lieu-of-tax payments by municipal, county, or authority officials.

Requires at least 10 days' advance notice of meetings to the Superintendent of each school district where the property is located.

Requires notice be given to the Chief Fiscal Officer of the State regarding meetings on in-lieu-of-tax payment approvals.

Requires notice be given to the county assessor, county tax collector, and county treasurer of the county where the property is located.

Changes the language from "might be taken" to "may be taken" regarding official actions on in-lieu-of-tax payment approvals.