| 3 | 2 | | *JLL211* 03/05/2025 9:59:08 AM JLL211 |
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| 4 | 3 | | State of Arkansas 1 |
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| 5 | 4 | | 95th General Assembly A Bill 2 |
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| 6 | 5 | | Regular Session, 2025 SENATE BILL 382 3 |
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| 7 | 6 | | 4 |
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| 8 | 7 | | By: Senator Crowell 5 |
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| 9 | 8 | | By: Representative Cavenaugh 6 |
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| 10 | 9 | | 7 |
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| 11 | 10 | | For An Act To Be Entitled 8 |
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| 12 | 11 | | AN ACT TO REPEAL THE REQUIREMENT THAT THE ARKANSAS 9 |
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| 13 | 12 | | DEVELOPMENT FINANCE AUTHORITY SUBMIT A REPORT 10 |
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| 14 | 13 | | CONCERNING THE CAPITAL ACCESS FUND; AND FOR OTHER 11 |
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| 15 | 14 | | PURPOSES. 12 |
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| 16 | 15 | | 13 |
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| 17 | 16 | | 14 |
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| 18 | 17 | | Subtitle 15 |
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| 19 | 18 | | TO REPEAL THE REQUIREMENT THAT THE 16 |
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| 20 | 19 | | ARKANSAS DEVELOPMENT FINANCE AUTHORITY 17 |
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| 21 | 20 | | SUBMIT A REPORT CONCERNING THE CAPITAL 18 |
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| 22 | 21 | | ACCESS FUND. 19 |
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| 23 | 22 | | 20 |
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| 24 | 23 | | BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF ARKANSAS: 21 |
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| 25 | 24 | | 22 |
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| 26 | 25 | | SECTION 1. Arkansas Code ยง 15 -5-1110 is repealed. 23 |
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| 27 | 26 | | 15-5-1110. Financial report of Capital Access Fund. 24 |
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| 28 | 27 | | (a) At least annually, the Arkansas Development Finance Authority 25 |
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| 29 | 28 | | shall prepare a report conforming to generally accepted accounting principles 26 |
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| 30 | 29 | | that describes the financial condition of the Capital Access Fund and 27 |
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| 31 | 30 | | describes the results and economic impact of the Arkansas Capital Access 28 |
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| 32 | 31 | | Program for Small Business and the Arkansas Credit Reserve Program. 29 |
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| 33 | 32 | | (b) The reports required under this section shall be submitted to the 30 |
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| 34 | 33 | | Governor and to the Legislative Council. 31 |
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| 35 | 34 | | 32 |
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| 36 | 35 | | 33 |
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