Arkansas SR20 amends the Industrial Development Authorities Expansion Act to modify board membership requirements and clarify powers.
Arkansas SR20 amends the Industrial Development Authorities Expansion Act to revise the eligibility criteria for board members of industrial development authorities. It specifies that board members must be qualified electors of the municipality or county they represent. The bill also removes the authority's power to exercise eminent domain and mandates that industrial development authorities adhere to local zoning and planning regulations. Additionally, it allows for the removal of board members for good cause, defined as per Arkansas Code 25-16-804.
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