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AR SB491
Bill
Status
4/22/2025
Primary Sponsor
Kim Hammer
Click for details
AI Summary
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Vendors contracting with the Employee Benefits Division where a fiscal impact is required must agree to verify the accuracy of data they provide to the state through an independent audit process
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The Director of the Employee Benefits Division must develop an independent audit process and may request vendors submit to audits to verify data accuracy
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Civil penalties for vendors found to have provided inaccurate data: $500 for a first violation and $1,000 for each subsequent violation
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Vendors providing inaccurate data may also face loss of licensure or authorization to operate in Arkansas
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Declared an emergency and approved April 21, 2025, taking immediate effect to ensure accurate fiscal impact data for legislation
Legislative Description
To Require A Vendor That Contracts With The Employee Benefits Division To Submit Data For Verification By An Independent Audit; To Impose A Civil Penalty On A Vendor That Provides Inaccurate Data; And To Declare An Emergency.
Last Action
Notification that SB491 is now Act 956
4/22/2025