The bill aims to extend the financing period for loans used to purchase vehicles and equipment for rural fire protection districts in Arkansas. Specifically, it amends Arkansas Code 14-284-307(c) to change the maximum loan duration from three years to five years, allowing for greater flexibility and support for rural fire services in acquiring necessary resources.

This legislative change is intended to enhance the operational capabilities of rural fire protection districts by providing them with more time to repay loans, thereby facilitating better financial planning and resource management. The amendment reflects a commitment to improving fire protection services in rural areas, ensuring they are adequately equipped to respond to emergencies.

Statutes affected:
SB 580: 14-284-307(c)
Act 767: 14-284-307(c)