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Arkansas General Assembly· SB 382Notification that SB382 is now Act 466

An act TO REPEAL THE REQUIREMENT THAT THE ARKANSAS 10 DEVELOPMENT FINANCE AUTHORITY SUBMIT A REPORT 11 CONCERNING THE CAPITAL ACCESS FUND, the official text

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                    A Bill
2 95th General Assembly

3 Regular Session, 2025                                          SENATE BILL 382

4

5 By: Senator Crowell

6 By: Representative Cavenaugh

7

8                               For An Act To Be Entitled

9   AN ACT TO REPEAL THE REQUIREMENT THAT THE ARKANSAS

10  DEVELOPMENT FINANCE AUTHORITY SUBMIT A REPORT

11  CONCERNING THE CAPITAL ACCESS FUND; AND FOR OTHER

12  PURPOSES.

13

14

15                                     Subtitle

16                       TO REPEAL THE REQUIREMENT THAT THE

17                       ARKANSAS DEVELOPMENT FINANCE AUTHORITY

18                       SUBMIT A REPORT CONCERNING THE CAPITAL

19                       ACCESS FUND.

20

21 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF ARKANSAS:

22

23  SECTION 1. Arkansas Code � 15-5-1110 is repealed.

24  15-5-1110. Financial report of Capital Access Fund.

25  (a) At least annually, the Arkansas Development Finance Authority

26 shall prepare a report conforming to generally accepted accounting principles

27 that describes the financial condition of the Capital Access Fund and

28 describes the results and economic impact of the Arkansas Capital Access

29 Program for Small Business and the Arkansas Credit Reserve Program.

30  (b) The reports required under this section shall be submitted to the

31 Governor and to the Legislative Council.

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    *JLL211*                                                     03/05/2025 9:59:08 AM JLL211
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