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AR SB254
Bill
Status
3/20/2025
Primary Sponsor
Missy Irvin
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AI Summary
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Replaces the term "property in kind" with "in-kind donations" in Arkansas rural community project grant statutes (Arkansas Code § 14-270-102 and § 14-270-103)
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Expands the definition to explicitly include real or personal property, labor, equipment, materials, services, and money as qualifying in-kind donations
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Maintains the existing requirement that community citizens must pledge or provide one-fourth (¼) of project costs through in-kind donations, with no tax funds included in the citizens' share
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Counties or city/town governing bodies must still approve and provide the remaining one-fourth (¼) of project costs through funds or in-kind donations
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Approved on March 20, 2025 as Act 359 of the Regular Session
Legislative Description
To Amend The Law Concerning Rural Community Projects; To Amend The Definition Of "property In Kind"; And For Other Purposes.
Last Action
Notification that SB254 is now Act 359
3/20/2025