| 3 | 2 | | *SSS249* 03/11/2025 12:12:14 PM SSS249 |
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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 424 3 |
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| 7 | 6 | | 4 |
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| 8 | 7 | | By: Senators G. Stubblefield, J. English, K. Hammer, G. Leding, C. Tucker 5 |
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| 9 | 8 | | By: Representatives Hudson, K. Brown, Furman, Holcomb, Lundstrum 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 AMEND THE LAW CONCERNING THE ACCOUNTABILITY 9 |
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| 13 | 12 | | AND TRANSPARENCY OF A MUNICIPAL IMPROVEMENT DISTRICT; 10 |
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| 14 | 13 | | AND FOR OTHER PURPOSES. 11 |
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| 15 | 14 | | 12 |
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| 16 | 15 | | 13 |
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| 17 | 16 | | Subtitle 14 |
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| 18 | 17 | | TO AMEND THE LAW CONCERNING THE 15 |
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| 19 | 18 | | ACCOUNTABILITY AND TRANSPARENCY OF A 16 |
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| 20 | 19 | | MUNICIPAL IMPROVEMENT DISTRICT. 17 |
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| 21 | 20 | | 18 |
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| 22 | 21 | | BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF ARKANSAS: 19 |
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| 23 | 22 | | 20 |
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| 24 | 23 | | SECTION 1. Arkansas Code Title 14, Chapter 88, Subchapter 5, is 21 |
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| 25 | 24 | | amended to add an additional section to read as follows: 22 |
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| 26 | 25 | | 14-88-506. Public comment required. 23 |
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| 27 | 26 | | A municipal improvement district board shall allow public comment on 24 |
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| 28 | 27 | | any item on the agenda for a special meeting or regular meeting before action 25 |
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| 29 | 28 | | is taken by the municipal improvement district board. 26 |
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| 30 | 29 | | 27 |
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| 31 | 30 | | SECTION 2. Arkansas Code ยง 14 -89-1501(a), concerning quarterly 28 |
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| 32 | 31 | | financial reports for municipal improvement districts, is amended to read as 29 |
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| 33 | 32 | | follows: 30 |
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| 34 | 33 | | (a)(1) All improvement districts in any city or incorporated town in 31 |
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| 35 | 34 | | this state established for the purpose of making improvements for municipal 32 |
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| 36 | 35 | | purposes shall meet at least four (4) times per year or quarterly in each 33 |
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| 37 | 36 | | quarter of the calendar year . 34 |
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| 38 | 37 | | (2)(A) Notice of each meeting , including without limitation each 35 |
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| 39 | 38 | | quarterly meeting under this section, shall be given by the municipal 36 SB424 |
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| 40 | 39 | | |
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| 41 | 40 | | 2 03/11/2025 12:12:14 PM SSS249 |
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| 42 | 41 | | improvement district to all record owners of property in the municipal 1 |
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| 43 | 42 | | improvement district no more than thirty (30) days before the meeting date 2 |
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| 44 | 43 | | and no less than ten (10) days before the meeting date. 3 |
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| 45 | 44 | | (B) The municipal improvement district board shall provide 4 |
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| 46 | 45 | | the agenda for each meeting to the record owners of the property in the 5 |
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| 47 | 46 | | municipal improvement district with the notice required under subdivision 6 |
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| 48 | 47 | | (a)(2)(A) of this section. 7 |
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| 49 | 48 | | 8 |
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| 50 | 49 | | 9 |
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