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AR HB1377

Bill

Official Source

Status

Introduced

2/3/2025

Primary Sponsor

Aaron Pilkington

Click for details

Origin

House of Representatives

95th General Assembly (2025 Regular)

AI Summary

  • Director of the Arkansas Economic Development Commission must file an annual report by January 1 of each year detailing funding for new business support programs
  • Report must include both the percentage and total dollar amount of economic development funding, including community development block grants, supporting organizations for individuals starting new businesses
  • Report must also cover programs serving businesses established within the previous five years with principal place of business in Arkansas
  • Annual report must be filed with the Governor, House Committee on Insurance and Commerce, and Senate Committee on Insurance and Commerce
  • First annual report under this requirement is due by January 1, 2027

Legislative Description

To Require A Report Concerning Economic Development Funding Supporting Organizations Or Programs For New Businesses Or Businesses Established Within The Previous Five Years.

Last Action

WITHDRAWN BY AUTHOR

2/11/2025

Committee Referrals

Agriculture, Forestry and Economic Development2/3/2025

Full Bill Text

No bill text available