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 board of directors of an industrial development authority, 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 also declares an emergency, emphasizing the need for these amendments to ensure the effective operation of newly formed industrial development authorities in Arkansas. The act will take effect immediately upon approval by the Governor or if not vetoed within the specified timeframe. The changes are intended to enhance the governance and operational efficiency of industrial development authorities, thereby supporting local economic development initiatives.
Statutes affected: SR 20: 14-189-105(f), 14-189-105