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AR HB1637
Bill
Status
4/3/2025
Primary Sponsor
David Ray
Click for details
AI Summary
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Requires the Attorney General to determine within 10 business days whether proposed statewide ballot measures have a financial impact on state revenues, costs, expenditures, indebtedness, or taxes
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Directs the Department of Finance and Administration to prepare unbiased fiscal impact statements not exceeding 100 words plus 100 additional words per revenue source affected
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Mandates fiscal impact statements include estimated dollar amounts for tax changes, public debt impacts, costs or savings to state government, and funding source descriptions
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Requires fiscal impact statements to be included on the ballot, with a 200-word maximum version used if the full statement exceeds that limit
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Applies to both citizen-initiated ballot measures and legislatively referred constitutional amendments, with statements due to the Secretary of State by the 76th day before the general election
Legislative Description
Concerning The Development And Presentation Of Fiscal Impact Statements Concerning The Fiscal Impact Of Statewide Initiative And Referendum Measures And Legislatively Referred Constitutional Amendments.
Last Action
Notification that HB1637 is now Act 457
4/3/2025