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