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Bill > HB1358
AR HB1358
AR HB1358To Make Technical Corrections To Title 18 Of The Arkansas Code Concerning Property.
summary
Introduced
01/31/2025
01/31/2025
In Committee
02/19/2025
02/19/2025
Crossed Over
02/12/2025
02/12/2025
Passed
02/20/2025
02/20/2025
Dead
Signed/Enacted/Adopted
02/25/2025
02/25/2025
Introduced Session
95th General Assembly (2025 Regular)
Bill Summary
AN ACT TO MAKE TECHNICAL CORRECTIONS TO TITLE 18 OF THE ARKANSAS CODE CONCERNING PROPERTY; AND FOR OTHER PURPOSES.
AI Summary
This bill makes technical corrections to Arkansas property laws in three main areas. First, it clarifies the criminal penalty for a prohibited foreign-party-controlled business that violates land ownership restrictions, specifying that such an entity is guilty of an unclassified felony punishable by up to two years in prison, a fine of $15,000, or both. Second, the bill reenacts provisions related to defining "significant interest" and "substantial control" in foreign agricultural land ownership, correcting reference errors and clarifying that an interest of 33% or more can be considered significant when parties are acting in concert, or an aggregate interest of 50% or more held by certain parties. Lastly, the bill includes a legislative intent section that emphasizes these are technical, not substantive changes to the Arkansas Code, and provides guidance on how to handle potential conflicts with other acts passed during the same legislative session, ensuring that prior acts are given their full force and effect. The bill appears to be a precision-focused piece of legislation aimed at cleaning up legal language and resolving potential ambiguities in property-related statutes.
Committee Categories
Justice
Sponsors (4)
Last Action
Notification that HB1358 is now Act 174 (on 02/25/2025)
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