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AR SB254

AR SB254
To Amend The Law Concerning Rural Community Projects; To Amend The Definition Of "property In Kind"; And For Other Purposes.


summary

Introduced
02/18/2025
In Committee
03/12/2025
Crossed Over
03/04/2025
Passed
03/18/2025
Dead
Signed/Enacted/Adopted
03/20/2025

Introduced Session

95th General Assembly (2025 Regular)

Bill Summary

AN ACT TO AMEND THE LAW CONCERNING RURAL COMMUNITY PROJECTS; TO AMEND THE DEFINITION OF "PROPERTY IN KIND"; AND FOR OTHER PURPOSES.

AI Summary

This bill amends Arkansas state law to expand and clarify the definition of "in-kind donations" for rural community projects. Previously, "property in kind" was narrowly defined, but the new legislation broadens the definition to include a wide range of contributions such as real or personal property, labor, equipment, materials, services, and money. The bill modifies two sections of Arkansas Code related to rural community project funding, specifically updating language around how local communities can demonstrate their financial commitment to a project. Under the revised law, communities seeking state grant funding must still prove they can provide one-fourth of the project's cost through these in-kind donations, but the types of contributions that can be counted are now more flexible. This change could make it easier for rural communities to qualify for state grants by allowing them to count a broader array of resources towards their required local match, potentially helping smaller towns and rural areas access funding for community improvement projects more readily.

Committee Categories

Government Affairs

Sponsors (2)

Last Action

Notification that SB254 is now Act 359 (on 03/20/2025)

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