SB333

Senate Bill 333 amends the Utility Facility Environmental and Economic Protection Act in Arkansas to create a specific exemption for certain gas pipeline facilities. To qualify for the exemption, the pipeline must be less than five miles in length and built primarily to serve a single customer or group under common ownership. The pipeline must also be used in conjunction with a lease to facilitate the issuance of industrial bonds and be constructed entirely on land owned or leased by the customer being served. The bill includes an emergency clause, declaring that the legislation is immediately necessary to promote job creation and economic development amid high inflation. Consequently, the act is designed to take effect immediately upon approval by the Governor.