1 State of Arkansas
2 94th General Assembly
3 Fiscal Session, 2024 SR 13
4
5 By: Senator B. King
6
7 SENATE RESOLUTION
8 TO AUTHORIZE THE INTRODUCTION OF A NONAPPROPRIATION
9 BILL TO AMEND THE ARKANSAS DATA CENTERS ACT OF 2023;
10 AND TO AMEND THE UNIFORM MONEY SERVICES ACT.
11
12
13 Subtitle
14 TO AUTHORIZE THE INTRODUCTION OF A
15 NONAPPROPRIATION BILL TO AMEND THE
16 ARKANSAS DATA CENTERS ACT OF 2023; AND TO
17 AMEND THE UNIFORM MONEY SERVICES ACT.
18
19
20 BE IT RESOLVED BY THE SENATE OF THE NINETY-FOURTH GENERAL ASSEMBLY OF THE
21 STATE OF ARKANSAS:
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23 THAT Senator King is authorized to introduce a bill which as introduced
24 will read substantially as follows:
25
26 “Title
27 AN ACT TO AMEND THE ARKANSAS DATA CENTERS ACT OF 2023; TO AMEND THE UNIFORM
28 MONEY SERVICES ACT; AND FOR OTHER PURPOSES.
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30 Subtitle
31 TO AMEND THE ARKANSAS DATA CENTERS ACT OF 2023; AND TO AMEND THE UNIFORM
32 MONEY SERVICES ACT.
33
34 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF
35 ARKANSAS:
36
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 SR13
1 SECTION 1. Arkansas Code § 14-1-604(e), concerning the exemption for a
2 person engaged in home digital asset mining or operating a digital asset
3 mining business under the Uniform Money Services Act, is repealed.
4 (e) A person that is engaged in home digital asset mining or that has
5 a digital asset mining business shall not be considered a money transmitter
6 under the Uniform Money Services Act, § 23-55-101 et seq.
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8 SECTION 2. Arkansas Code § 23-55-102(13)(A), concerning the definition
9 of "money transmission" under the Uniform Money Services Act, is amended to
10 add an additional subdivision to read as follows:
11 (v) engaging in home digital asset mining or
12 operating a digital asset mining business under the Arkansas Data Centers Act
13 of 2023, § 14-1-601 et seq.
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15 SECTION 3. DO NOT CODIFY. A person engaging in home digital asset
16 mining or operating a digital asset mining business under the Arkansas Data
17 Centers Act of 2023, § 14-1-601 et seq., as of the effective date of this act
18 shall apply for licensure under the Uniform Money Services Act, § 23-55-101
19 et seq., on or before September 1, 2024.”
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Statutes affected:
SR 13: 14-1-604(e), 23-55-102(13)