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AR HB1110
Bill
Status
2/9/2023
Primary Sponsor
Les Warren
Click for details
AI Summary
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Removes redundant mapping requirements in Arkansas Code § 24-11-213(b) related to metes and bounds legal descriptions of cities, towns, and fire protection districts for pension fund distribution purposes.
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Simplifies the process by eliminating provisions requiring annual reporting of legal description changes to the board by December 15 and removing detailed specifications about survey methods (Global Positioning Systems, standard physical features).
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Changes actuarial certification language in Arkansas Code § 24-11-214(a) to require actuaries who are members of the American Academy of Actuaries rather than only those certified by the Society of Actuaries.
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Repeals Arkansas Code § 24-11-214(i)(3), which previously authorized use of insurance tax revenues for administrative costs of obtaining and evaluating population information for unqualified cities, towns, and fire protection districts.
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Approved February 9, 2023.
Legislative Description
To Eliminate Obsolete Mapping Requirements For Premium Tax Revenues To Be Distributed To A City, Town, Or Fire Protection District For The Purpose Of Funding Local Police And Fire Relief And Pension Funds.
Last Action
Notification that HB1110 is now Act 39
2/9/2023