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AR HB1658

AR HB1658
To Require A Report Concerning Economic Development Funding Supporting Organizations Or Programs For New Businesses Or Businesses Established Within The Previous Five Years.


summary

Introduced
03/16/2023
In Committee
04/05/2023
Crossed Over
03/30/2023
Passed
Dead
05/01/2023

Introduced Session

94th General Assembly (2023 Regular)

Bill Summary

AN ACT TO REQUIRE A REPORT CONCERNING ECONOMIC DEVELOPMENT FUNDING SUPPORTING ORGANIZATIONS OR PROGRAMS FOR INDIVIDUALS STARTING NEW BUSINESSES OR BUSINESSES ESTABLISHED WITHIN THE PREVIOUS FIVE YEARS; AND FOR OTHER PURPOSES.

AI Summary

This bill requires the Director of the Arkansas Economic Development Commission to file an annual report providing information on the percentage and total dollar amount of economic development funding, including community development block grants, that supports organizations or programs for individuals starting new businesses or businesses established within the previous five years in Arkansas. The report must be filed with the Governor and the House and Senate Committees on Insurance and Commerce, with the first report due by January 1, 2025.

Committee Categories

Agriculture and Natural Resources, Business and Industry

Sponsors (3)

Last Action

Died on Senate Calendar at Sine Die adjournment. (on 05/01/2023)

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