SB533

Senate Bill 533 amends the Local Government Bond Act of 1985 in the State of Arkansas. The primary purpose of the legislation is to expand the statutory definition of 'capital improvements of a public nature.' Specifically, it adds 'cemetery facilities and apparatus' to the list of items for which local governments may issue bonds to fund. By including these facilities, the bill enables municipalities and counties to utilize public bond financing for the construction, maintenance, or equipment related to public cemeteries.