HR1015
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 referred to the Committee on HOUSE RULES
Sponsors
AI-Generated Summary
This bill proposes amendments to the Industrial Development Authorities Expansion Act in Arkansas. It establishes residency requirements for members of the board of directors of an industrial development authority, requiring that they be qualified electors of the municipality or county they represent, and mandates their resignation if they move outside that jurisdiction. The bill introduces a mechanism for the removal of board members for 'good cause' by a two-thirds vote of the governing body of each petitioning local government. It explicitly mandates that industrial development authorities must comply with local planning and zoning regulations and participate in those local processes. The legislation also reorganizes the powers and duties of these authorities, emphasizing their role in managing industrial and commercial development projects. Finally, it includes an emergency clause to make the act effective immediately upon approval, citing the ongoing formation of such authorities across the state.
Potential Impact Analysis
Who Might Benefit?
The primary beneficiaries include local municipal and county governments, which gain greater oversight and regulatory control over industrial development authorities within their jurisdictions. Additionally, residents of those localities benefit from the requirement that board members be local constituents, ensuring the authorities remain accountable to the community they represent and are subject to local zoning laws.
Who Might Suffer?
Board members of industrial development authorities who live outside their representing jurisdiction or who may be removed by the governing bodies for 'good cause' face potential loss of their positions. Additionally, the industrial development authorities themselves may face increased administrative requirements and limitations on their autonomy due to the mandatory compliance with local zoning and planning processes.
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