Bill > SB580

This bill extends the maximum loan period for rural fire protection districts when purchasing vehicles and equipment from three years to five years. Specifically, the bill amends an existing Arkansas state law (§ 14-284-307) governing loans for fire protection services, increasing the allowable loan term from a current maximum of three years to a new maximum of five years. The Arkansas Forestry Commission retains its authority to approve loan terms, with the new five-year maximum providing rural fire protection districts more flexibility in financing important emergency vehicles and equipment. The change could help these districts more effectively manage their budgets by spreading out the cost of expensive fire trucks and other critical equipment over a longer period, potentially making such purchases more financially feasible for smaller or rural communities.

Government Affairs

https://arkleg.state.ar.us/Bills/Detail?id=sb580&ddBienniumSession=2025%2F2025R