The resolution authorizes Senator Dees to introduce a non-appropriation bill aimed at amending the Industrial Development Authorities Expansion Act. The proposed amendments include changes to the membership requirements for the boards of industrial development authorities, allowing for the removal of board members for good cause, and clarifying that these authorities must adhere to local zoning and planning regulations. Additionally, the bill seeks to repeal existing provisions regarding the exercise of eminent domain by industrial development authorities.
The resolution emphasizes the urgency of these amendments, declaring an emergency to ensure that newly formed industrial development authorities can operate effectively and efficiently. The act will take effect immediately upon approval by the Governor or after the expiration of the veto period if not acted upon. The changes are intended to enhance the governance and operational framework of industrial development authorities in Arkansas, thereby supporting local economic development initiatives.
Statutes affected: HR 1015: 14-189-105(f), 14-189-105