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AR HB1629

Bill

Official Source

Status

Passed

4/1/2021

Primary Sponsor

Denise Ennett

Click for details

Origin

House of Representatives

93rd General Assembly (2021 Regular)

AI Summary

  • Amends Arkansas Code § 14-186-208 regarding warehouse facilities leasing and operation requirements for municipal port authorities
  • Requires authorities to publicly solicit proposals for leasing warehouse facilities on customary commercial warehousing industry terms before entering new leases with third-party lessors
  • Requires authorities to accept the proposal deemed commercially reasonable and in the authority's best interest
  • Exempts warehouse facilities that an authority owns or plans to construct and leases to third-party tenants from the solicitation requirements
  • Approved April 1, 2021

Legislative Description

To Amend The Law Concerning Warehouse Facilities And Municipal Port Authorities.

Last Action

Notification that HB1629 is now Act 515

4/1/2021

Committee Referrals

City, County & Local Affairs3/18/2021
City, County and Local Affairs3/3/2021

Full Bill Text

No bill text available