AR SB492

Requires the Arkansas Department of Transportation (ArDOT) and utilities to negotiate relocation agreements when utility facilities on public rights-of-way must be moved for transportation construction projects, establishing schedules and duties for both parties

Authorizes ArDOT to assess civil penalties of $500 per business day against non-municipal utilities that fail to respond to relocation notices, enter negotiations, or comply with relocation agreements after a 30-day cure period

Allows ArDOT to directly relocate municipal utility facilities if the municipal system fails to complete relocation on time, with costs recoverable through offset of turnback and state aid street funds if the municipality doesn't pay within 90 days

Exempts utilities from penalties when delays result from extraordinary events, excavation damage to unmarked utilities, or delays in right-of-way acquisition despite good faith efforts

Directs civil penalty revenues to a new utility relocation grant and loan program to assist small utilities with non-reimbursable relocation costs, and requires ArDOT to pay utility reimbursement invoices within 90 days of receipt