Stricken language would be deleted from and underlined language would be added to present law. *SSS179* 02/18/2025 11:11:56 AM SSS179 State of Arkansas 1 95th General Assembly A Bill 2 Regular Session, 2025 SENATE BILL 254 3 4 By: Senator Irvin 5 By: Representative Steimel 6 7 For An Act To Be Entitled 8 AN ACT TO AMEND THE LAW CONCERNING RURAL COMMUNITY 9 PROJECTS; TO AMEND THE DEFINITION OF "PROPERTY IN 10 KIND"; AND FOR OTHER PURPOSES. 11 12 13 Subtitle 14 TO AMEND THE LAW CONCERNING RURAL 15 COMMUNITY PROJECTS; TO AMEND THE 16 DEFINITION OF "PROPERTY IN KIND"; AND 17 FOR OTHER PURPOSES. 18 19 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF ARKANSAS: 20 21 SECTION 1. Arkansas Code § 14 -270-102(7), concerning the definition of 22 "property in kind" in relation to rural community projects, is amended to 23 read as follows: 24 (7) “Property in kind” means real or personal property "In-kind 25 donations" means committed goods and services, including without limitation: 26 (A) Real or personal property; 27 (B) Labor; 28 (C) Equipment; 29 (D) Materials; 30 (E) Services; and 31 (F) Money. 32 33 SECTION 2. Arkansas Code § 14 -270-103(a)(2)(A), concerning when the 34 grant of state funds is authorized for rural community projects, is amended 35 to read as follows: 36 SB254 2 02/18/2025 11:11:56 AM SSS179 (2)(A) The members of the community or small city or town 1 presenting the request to the quorum court or the governing body shall have 2 submitted proof that, through donations of either money or property in kind 3 in-kind donations, the citizens of the community, city, or town, have pledged 4 or will make available one -fourth (¼) of the cost of the project and that no 5 tax funds are included in the citizens' support. 6 7 SECTION 3. Arkansas Code § 14 -270-103(a)(3), concerning when the grant 8 of state funds is authorized for rural community projects, is amended to read 9 as follows: 10 (3) The quorum court of the county or governing body of the city 11 or town approves and, if the citizens of the community, city, or town do not 12 provide the county's or the city's or town's share, appropriates the funds or 13 provides property in kind in-kind donations to defray one-fourth (¼) of the 14 cost of the project; and 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36