SR20
To Authorize The Introduction Of A Nonappropriation Bill Concerning The Industrial Development Authorities Expansion Act.
Last Action (April 8, 2026): Read the first time, rules suspended, read the second time and placed on the calendar.
Sponsors
AI-Generated Summary
This bill amends the Industrial Development Authorities Expansion Act in Arkansas to establish clearer rules for the governance and operation of industrial development authorities. It requires board members to reside within the municipality or county they represent and establishes a process for their removal for 'good cause' by a two-thirds vote of the governing body. The bill explicitly mandates that industrial development authorities must comply with local planning and zoning regulations and participate in those local processes. It outlines the broad operational powers of these authorities, including the ability to enter contracts, own property, and manage economic development projects. Additionally, the bill reiterates the authority's power to acquire property through various means, including eminent domain. Because of the immediate need for these regulatory frameworks in the formation of new authorities, the bill includes an emergency clause for immediate implementation.
Potential Impact Analysis
Who Might Benefit?
The primary beneficiaries include local governments and the constituents they serve, as the bill increases local control over industrial development authority boards and ensures that these entities must adhere to local planning and zoning ordinances. This provides local citizens and municipal planners with greater oversight and integration regarding industrial projects within their jurisdictions.
Who Might Suffer?
The primary group negatively impacted would be the members of industrial development authority boards, as they are now subject to stricter residency requirements and clear removal processes for 'good cause.' Additionally, industrial development authorities themselves may face increased administrative requirements and potential constraints on their operational autonomy due to the mandatory compliance with local zoning and planning regulations.
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