Shown verbatim: the complete text as captured from the official PDF posted by the Arkansas General Assembly, fetched 2026-07-23. Page and line markers are part of the official record; nothing is edited or removed. The official bill page.
Stricken language would be deleted from and underlined language would be added to present law.
1 State of Arkansas As Engrossed: S2/13/25
2 95th General Assembly
A Bill
3 Regular Session, 2025 SENATE BILL 186
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5 By: Senator J. Bryant
6 By: Representative Womack
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8 For An Act To Be Entitled
9 AN ACT TO AMEND THE LAW CONCERNING FINANCIAL
10 STATEMENTS REQUIRED TO BE SUBMITTED BY A LICENSEE OF
11 THE CONTRACTORS LICENSING BOARD; AND FOR OTHER
12 PURPOSES.
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15 Subtitle
16 TO AMEND THE LAW CONCERNING FINANCIAL
17 STATEMENTS REQUIRED TO BE SUBMITTED BY A
18 LICENSEE OF THE CONTRACTORS LICENSING
19 BOARD.
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21 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF ARKANSAS:
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23 SECTION 1. Arkansas Code � 17-25-304(a), concerning financial
24 statements filed with the Contractors Licensing Board, is amended to read as
25 follows:
26 (a)(1) All persons and entities required by this chapter to be
27 licensed by the Contractors Licensing Board shall transmit to the board with
28 their original and renewal applications a financial statement of the
29 applicant reviewed by a licensed certified public accountant or licensed
30 public accountant in accordance with the American Institute of Certified
31 Public Accountants Statements on Standards for Accounting and Review
32 Services.
33 (2) However, if the total cost of the work to be completed by
34 the applicant, including without limitation labor and materials, is less than
35 seven hundred fifty thousand dollars ($750,000) one million five hundred
36 thousand dollars ($1,500,000) for a single commercial project, the applicant
*LGL068* 02-13-2025 10:10:55 LGL068
As Engrossed: S2/13/25 SB186
1 shall transmit to the board with his or her original and renewal applications
2 a compiled financial statement of the applicant prepared by a licensed
3 certified public accountant or licensed public accountant in accordance with
4 the American Institute of Certified Public Accountants Statements on
5 Standards for Accounting and Review Services.
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7 /s/J. Bryant
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2 02-13-2025 10:10:55 LGL068Every fact on this page links to its source, starting with the official bill record.