The bill amends existing laws regarding municipal planning areas in Arkansas, specifically focusing on the processes related to land acquisition and the rights of property owners. It introduces a requirement for public boards, commissions, or bodies to provide written refusals when they do not execute a written option or file for condemnation of land designated for public use. This refusal must occur within one year of a request from the property owner. If the public entity fails to act within this timeframe, the land will be released from reservation, and the owner will be entitled to reasonable compensation for any diminished value of the property during the reservation period.

Additionally, the bill mandates that property owners receive notice by first-class mail regarding proposed plans, ordinances, or regulations that may affect their land, ensuring they have the opportunity to submit comments. This requirement is in addition to existing notice provisions for affected school districts. The amendments aim to enhance transparency and protect the rights of property owners in the municipal planning process.

Statutes affected:
HB 1448: 14-56-412(g), 14-56-422(1)