SB483

Senate Bill 483 amends the Customer Protections for Net-Metering Customers Act by clarifying the financial security requirements for net-metering facilities. Specifically, it specifies that the required bond is a single ten-thousand-dollar bond obtained under Arkansas Code § 17-25-404. Additionally, the bill mandates that operators must maintain commercial general liability insurance of at least one million dollars and possess an applicable contractor's license issued by the Contractors Licensing Board. The bill includes an emergency clause, stating that these adjustments are necessary to prevent construction delays and ensure consumers can continue to access solar energy investments. The act takes effect immediately upon approval or the completion of the gubernatorial review process.