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AR SR14
Resolution
Status
4/11/2024
Primary Sponsor
Bryan King
Click for details
AI Summary
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Authorizes Senator King to introduce a bill amending the Arkansas Data Centers Act of 2023 to regulate blockchain networks and digital asset mining operations in the state
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Grants the Arkansas Natural Resources Commission authority to monitor water usage impacts from blockchain and digital asset mining, and to take action under existing law if operations excessively threaten critical groundwater supplies
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Grants the Arkansas Public Service Commission authority to monitor impacts on the electric grid from blockchain and digital asset mining, and to direct utilities to halt service if operations threaten grid reliability
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Requires both commissions to promulgate implementing rules by January 1, 2025, subject to Legislative Council or Joint Budget Committee approval under § 10-3-309
Legislative Description
To Authorize The Introduction Of A Nonappropriation Bill To Amend The Arkansas Data Centers Act Of 2023; And To Regulate The Impact On Water Usage And The Electric Grid By Blockchain Networks And Digital Asset Mining.
Last Action
Sine Die adjournment
5/10/2024