All Roll Calls
Yes: 131 • No: 0
ArkansasSB4802025 Regular SessionSenate
TO AMEND THE LAW CONCERNING THE INVESTMENT OF STATE FUNDS.
Sponsored By: Kim Hammer (Republican), Carlton Wing (Republican)
Enacted
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Bill Overview
Analyzed Economic Effects
3 provisions identified: 1 benefits, 1 costs, 1 mixed.
Arkansas Treasury eases corporate debt requirements
The Arkansas Treasury can buy corporate debt rated investment-grade by at least one nationally recognized rating organization, instead of two. This also replaces the prior specified ratings of BBB, A2, P2, or equivalent. Investments must follow guidelines in the Treasury investment policy approved by the State Board of Finance. The change expands qualifying investment choices but creates no direct household payment.
Arkansas Treasury loses some investment options
The Arkansas Treasury can no longer invest in local government warrants that mature in one year or less. It also loses authority to buy prerefunded municipal bonds secured by direct U.S. government obligations. The law removes federal funds transactions with maturities of one business day or less. These limits affect state investment choices, not household benefit eligibility or required payments.
Arkansas Treasury changes eligible investment options
The Arkansas Treasury can invest state money in local government debt that is not a general obligation. This replaces its authority to invest in State Board of Education obligations. Eligible registered money market funds must mainly hold U.S. government obligations and be fully backed by those obligations, with delivery required. Bank deposits remain allowed at federally, state-, or District of Columbia-chartered institutions when fully covered by federal deposit insurance. Repurchase agreements must be fully backed by permitted securities, delivered directly to the Treasury or through a custodian. These rules change state investment choices, not household payments.
Sponsors & Cosponsors
Sponsors
Kim Hammer
Republican • Senate
Carlton Wing
Republican • House
Cosponsors
There are no cosponsors for this bill.
Roll Call Votes
House vote • 4/14/2025
House Vote - Monday, April 14, 2025 4:46:30 PM
Yes: 97 • No: 0
Senate vote • 3/31/2025
Senate Vote - Monday, March 31, 2025 3:43:41 PM
Yes: 34 • No: 0
Actions Timeline
Notification that SB480 is now Act 739
4/18/2025SenateDELIVERED TO GOVERNOR.
4/15/2025SenateReported correctly enrolled and ordered delivered to the Governor.
4/15/2025SenateORDERED ENROLLED
4/14/2025SenateReturned from the House as passed.
4/14/2025SenateReturned to the Senate as passed.
4/14/2025HouseRead the third time and passed and ordered transmitted to the Senate.
4/14/2025HouseReturned by the Committee Do Pass
4/9/2025HouseRead the first time, rules suspended, read the second time and referred to the Committee on INSURANCE & COMMERCE- HOUSE
3/31/2025HouseRECEIVED FROM THE SENATE
3/31/2025HouseOrdered immediately transmitted to the House.
3/31/2025SenateRead the third time and passed.
3/31/2025SenateReturned by the Committee, with the recommendation that it Do Pass
3/20/2025SenateRead first time, rules suspended, read second time, referred to INSURANCE & COMMERCE - SENATE
3/17/2025SenateFiled
3/17/2025Senate
Bill Text
SB480 - Introduced
3/17/2025
Act Version
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