| 1 | 1 | | Stricken language would be deleted from and underlined language would be added to present law. |
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| 2 | 2 | | *MBM106* 01/31/2025 2:58:44 PM MBM106 |
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| 3 | 3 | | State of Arkansas 1 |
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| 4 | 4 | | 95th General Assembly A Bill 2 |
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| 5 | 5 | | Regular Session, 2025 HOUSE BILL 1375 3 |
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| 6 | 6 | | 4 |
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| 7 | 7 | | By: Representatives Pilkington, J. Richardson 5 |
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| 8 | 8 | | By: Senator K. Hammer 6 |
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| 9 | 9 | | 7 |
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| 10 | 10 | | For An Act To Be Entitled 8 |
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| 11 | 11 | | AN ACT TO REQUIRE A REPORT CONCERNING FUNDS 9 |
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| 12 | 12 | | SUPPORTING ORGANIZATIONS OR PROGRAMS FOR INDIVIDUALS 10 |
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| 13 | 13 | | STARTING NEW BUSINESSES OR BUSINESSES ESTABLISHED 11 |
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| 14 | 14 | | WITHIN THE PREVIOUS FIVE YEARS; AND FOR OTHER 12 |
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| 15 | 15 | | PURPOSES. 13 |
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| 16 | 16 | | 14 |
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| 17 | 17 | | 15 |
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| 18 | 18 | | Subtitle 16 |
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| 19 | 19 | | TO REQUIRE A REPORT CONCERNING FUNDS 17 |
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| 20 | 20 | | SUPPORTING PROGRAMS FOR INDIVIDUALS 18 |
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| 21 | 21 | | STARTING NEW BUSINESSES OR BUSINESSES 19 |
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| 22 | 22 | | ESTABLISHED WITHIN THE PREVIOUS FIVE 20 |
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| 23 | 23 | | YEARS. 21 |
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| 24 | 24 | | 22 |
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| 25 | 25 | | BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF ARKANSAS: 23 |
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| 26 | 26 | | 24 |
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| 27 | 27 | | SECTION 1. Arkansas Code Title 25, Chapter 43, Subchapter 3, is 25 |
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| 28 | 28 | | amended to add an additional section to read as follows: 26 |
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| 29 | 29 | | 25-43-306. Report concerning funds supporting organizations or 27 |
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| 30 | 30 | | programs for individuals starting new businesses or businesses established 28 |
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| 31 | 31 | | within the previous five years. 29 |
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| 32 | 32 | | (a) By January 1 of each year the Secretary of the Department of 30 |
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| 33 | 33 | | Commerce shall file an annual report that includes without limitation: 31 |
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| 34 | 34 | | (1) The percentage of workforce development funding, including 32 |
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| 35 | 35 | | without limitation funding allocated by workforce development boards across 33 |
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| 36 | 36 | | the state, supporting organizations or programs: 34 |
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| 37 | 37 | | (A) For individuals starting new businesses in this state; 35 |
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| 38 | 38 | | or 36 HB1375 |
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| 39 | 39 | | |
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| 41 | 41 | | (B) That provide services to businesses established within 1 |
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| 42 | 42 | | the previous five (5) years whose principal place of business is in this 2 |
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| 43 | 43 | | state; and 3 |
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| 44 | 44 | | (2) The total dollar amount of workforce development funding, 4 |
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| 45 | 45 | | including without limitation funding allocated by workforce development 5 |
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| 46 | 46 | | boards across the state, supporting organizations or programs: 6 |
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| 47 | 47 | | (A) For individuals starting new businesses in this state; 7 |
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| 48 | 48 | | or 8 |
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| 49 | 49 | | (B) That provide services to businesses established within 9 |
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| 50 | 50 | | the previous five (5) years whose principal place of business is in this 10 |
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| 51 | 51 | | state. 11 |
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| 52 | 52 | | (b) The annual report under subsection (a) of this section shall be 12 |
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| 53 | 53 | | filed with the: 13 |
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| 54 | 54 | | (1) Governor; 14 |
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| 55 | 55 | | (2) House Committee on Insurance and Commerce; and 15 |
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| 56 | 56 | | (3) Senate Committee on Insurance and Commerce. 16 |
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| 57 | 57 | | 17 |
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| 58 | 58 | | SECTION 2. DO NOT CODIFY. TEMPORARY LANGUAGE. The first annual 18 |
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| 59 | 59 | | report under ยง 25-43-306 is due by January 1, 2027. 19 |
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