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Republican Sponsorship
Business & Economy

SR15

To Authorize The Introduction Of A Nonappropriation Bill To Require A Digital Asset Mining Business To Provide Notification Before Purchasing Land Or A Building Or Beginning Construction Of A Digital Asset Mining Facility.

Passed

Last Action (April 11, 2024): Sine Die adjournment

Sponsors

AI-Generated Summary

Senate Resolution 15 authorizes the introduction of legislation to amend the Arkansas Data Centers Act of 2023. The proposed bill requires digital asset miners and related blockchain businesses to provide written notification to the Arkansas Public Service Commission and local government authorities at least six months before purchasing land, leasing property, or beginning construction on a mining facility. This notification requirement applies to both new property acquisitions and future construction on land already owned or leased. Construction is explicitly defined to include site preparation or clearing activities. The main purpose of the bill is to increase regulatory oversight and advance notice for digital asset mining infrastructure projects within the state.

Potential Impact Analysis

Who Might Benefit?

Local government entities and state regulators, specifically the Arkansas Public Service Commission, would benefit from increased transparency and earlier access to information regarding proposed infrastructure developments. Additionally, local residents and community groups may benefit from this advance notice, as it allows for more time to evaluate the potential environmental, grid-load, and economic impacts of new digital asset mining facilities in their proximity.

Who Might Suffer?

Digital asset mining companies and blockchain business operators would be most directly impacted. These entities would face increased administrative burdens, potential project delays due to the mandatory six-month waiting period, and reduced flexibility in their expansion and land acquisition timelines. These requirements could potentially disincentivize new investment in the state's digital asset sector.

Vote Records

Third Reading

April 11, 2024
Yea: 27 Nay: 0 NV: 5 Absent: 3 Passed
View individual votes (35)
Legislator Party Chamber Vote
Jane English Republican Senate Yea
Linda Chesterfield Democrat Senate NV
Jonathan Dismang Republican Senate Yea
Greg Leding Democrat Senate NV
Missy Irvin Republican Senate Yea
Bryan King Republican Senate Yea
Kim Hammer Republican Senate Yea
Stephanie Flowers Democrat Senate Yea
Frederick Love Democrat Senate NV
Terry Rice Republican Senate Yea
Reginald Murdock Democrat Senate Absent
Gary Stubblefield Republican Senate Absent
Jim Dotson Republican Senate Yea
John Payton Republican Senate Yea
Alan Clark Republican Senate Yea
Ronald Caldwell Republican Senate Yea
Bart Hester Republican Senate Yea
Jimmy Hickey Republican Senate Yea
Dan Sullivan Republican Senate NV
David Wallace Republican Senate Yea
Blake Johnson Republican Senate Yea
Justin Boyd Republican Senate Absent
Clarke Tucker Democrat Senate NV
Scott Flippo Republican Senate Yea
Clint Penzo Republican Senate Yea
Mark Johnson Republican Senate Yea
Ricky Hill Republican Senate Yea
Breanne Davis Republican Senate Yea
Ben Gilmore Republican Senate Yea
Joshua Bryant Republican Senate Yea
Matt McKee Republican Senate Yea
Jim Petty Republican Senate Yea
Steve Crowell Republican Senate Yea
Tyler Dees Republican Senate Yea
Matt Stone Republican Senate Yea
Read Full Bill on arkleg.state.ar.us