Stricken language would be deleted from and underlined language would be added to present law.
Act 476 of the Regular Session
1 State of Arkansas
2 94th General Assembly A Bill
3 Regular Session, 2023 SENATE BILL 483
4
5 By: Senator J. Dismang
6 By: Representative L. Fite
7
8 For An Act To Be Entitled
9 AN ACT TO AMEND ACTS 2023, NO. 278; TO AMEND THE LAW
10 REGARDING BONDS OR ACCEPTABLE FINANCIAL SECURITY
11 UNDER THE CUSTOMER PROTECTIONS FOR NET-METERING
12 CUSTOMERS ACT; TO DECLARE AN EMERGENCY; AND FOR OTHER
13 PURPOSES.
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15
16 Subtitle
17 TO AMEND ACTS 2023, NO. 278; TO AMEND THE
18 LAW REGARDING BONDS OR ACCEPTABLE
19 FINANCIAL SECURITY UNDER THE CUSTOMER
20 PROTECTIONS FOR NET-METERING CUSTOMERS
21 ACT; AND TO DECLARE AN EMERGENCY.
22
23
24 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF ARKANSAS:
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26 SECTION 1. Arkansas Code § 4-88-1103(3)(B), concerning a bond or other
27 financial security related to a net-metering facility or net-metering
28 service, as enacted by Acts 2023, No. 278, is amended to read as follows:
29 (B)(i) A bond or other acceptable financial security to
30 ensure proper maintenance of the net-metering facility and decommissioning of
31 the net-metering facility A single ten thousand dollar ($10,000) bond
32 obtained under § 17-25-404;
33 (ii) Commercial general liability insurance coverage
34 with a limit of at least one million dollars ($1,000,000); and
35 (iii) An applicable contractor's license issued by
36 the Contractors Licensing Board obtained prior to conducting business.
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 SB483
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2 SECTION 2. EMERGENCY CLAUSE. It is found and determined by the
3 General Assembly of the State of Arkansas that a delay in the enactment of
4 this act may result in unreasonable delays and disruption in residential and
5 commercial construction projects and in the ability for consumers to take
6 advantage of solar investment; and that this act is immediately necessary for
7 the protection of Arkansas businesses and consumers. Therefore, an emergency
8 is declared to exist, and this act being immediately necessary for the
9 preservation of the public peace, health, and safety shall become effective
10 on:
11 (1) The date of its approval by the Governor;
12 (2) If the bill is neither approved nor vetoed by the Governor,
13 the expiration of the period of time during which the Governor may veto the
14 bill; or
15 (3) If the bill is vetoed by the Governor and the veto is
16 overridden, the date the last house overrides the veto.
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19 APPROVED: 4/4/23
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Statutes affected:
SB 483: 4-88-1103(3)
Act 476: 4-88-1103(3)