Arkansas HR1015 amends the Industrial Development Authorities Expansion Act to clarify board member eligibility, removal, and authority powers.

Arkansas HR1015 amends the Industrial Development Authorities Expansion Act to clarify that an industrial development authority is subject to local zoning and planning regulations. The bill modifies the eligibility criteria for board members, allowing them to be removed for good cause by a vote of two-thirds of the governing body of each petitioning local government. It also outlines the powers of industrial development authorities, including the ability to acquire property, establish offices, and engage in various economic development projects.

Arkansas HR1015 amends the Industrial Development Authorities Expansion Act to clarify board member eligibility, removal, and authority powers.

Arkansas HR1015 amends the Industrial Development Authorities Expansion Act to clarify that an industrial development authority is subject to local zoning and planning regulations. The bill modifies the eligibility criteria for board members, allowing them to be removed for good cause by a vote of two-thirds of the governing body of each petitioning local government. It also outlines the powers of industrial development authorities, including the ability to acquire property, establish offices, and engage in various economic development projects.