# Arkansas SB480: TO AMEND THE LAW CONCERNING THE INVESTMENT OF STATE FUNDS. Arkansas SB480, TO AMEND THE LAW CONCERNING THE INVESTMENT OF STATE FUNDS., is a 2025 Regular Session Senate bill sponsored by Kim Hammer (Republican), Carlton Wing (Republican); status enacted, last action 2025-04-18 (Notification that SB480 is now Act 739) (as of 2026-10-19). - Canonical: https://policyrisk.com/state-bill/AR-SB480-2025 - As of: 2026-10-19 - Plain-text twin of the page above; the HTML and this file carry the same facts. ## Facts - Bill: Arkansas SB480 - State: Arkansas - Session: 2025 Regular Session - Title: TO AMEND THE LAW CONCERNING THE INVESTMENT OF STATE FUNDS. - Status: enacted - Chamber: Senate - Introduced: 2025-03-17 - Last action: 2025-04-18, Notification that SB480 is now Act 739 - Sponsors: Kim Hammer (Republican), Carlton Wing (Republican) - Cosponsors: 0 - Touches household money: no - Roll calls: 2 (131 yes, 0 no in all) - Economic provisions PRIA read: 3 ## Summary No summary available. ## Bill overview: provisions PRIA read - Arkansas Treasury eases corporate debt requirements: benefit, low. 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… - Arkansas Treasury loses some investment options: cost, low. 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.… - Arkansas Treasury changes eligible investment options: mixed, low. 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 obl… ## Sponsors and cosponsors - Sponsor: Kim Hammer (Republican), Senate - Sponsor: Carlton Wing (Republican), House ## Roll call votes | Date | Chamber | Motion | Result | Yes | No | Other | | --- | --- | --- | --- | --- | --- | --- | | 2025-04-14 | House | House Vote - Monday, April 14, 2025 4:46:30 PM | pass | 97 | 0 | | | 2025-03-31 | Senate | Senate Vote - Monday, March 31, 2025 3:43:41 PM | pass | 34 | 0 | | ## Actions (15) - 2025-04-18: Notification that SB480 is now Act 739 (Senate) - 2025-04-15: DELIVERED TO GOVERNOR. (Senate) - 2025-04-15: Reported correctly enrolled and ordered delivered to the Governor. (Senate) - 2025-04-14: ORDERED ENROLLED (Senate) - 2025-04-14: Returned from the House as passed. (Senate) - 2025-04-14: Returned to the Senate as passed. (House) - 2025-04-14: Read the third time and passed and ordered transmitted to the Senate. (House) - 2025-04-09: Returned by the Committee Do Pass (House) - 2025-03-31: Read the first time, rules suspended, read the second time and referred to the Committee on INSURANCE & COMMERCE- HOUSE (House) - 2025-03-31: RECEIVED FROM THE SENATE (House) - 2025-03-31: Ordered immediately transmitted to the House. (Senate) - 2025-03-31: Read the third time and passed. (Senate) - 2025-03-20: Returned by the Committee, with the recommendation that it Do Pass (Senate) - 2025-03-17: Read first time, rules suspended, read second time, referred to INSURANCE & COMMERCE - SENATE (Senate) - 2025-03-17: Filed (Senate) ## Bill text - SB480 - Introduced, 2025-03-17: [PDF](https://www.arkleg.state.ar.us/Home/FTPDocument?path=%2FBills%2F2025R%2FPublic%2FSB480.pdf) - Act Version: [PDF](https://www.arkleg.state.ar.us/Acts/FTPDocument?path=%2FACTS%2F2025R%2FPublic%2F&file=739.pdf&ddBienniumSession=2025%2F2025R) ## Related bills - HB1265: AN ACT FOR THE UNIVERSITY OF ARKANSAS AT LITTLE ROCK APPROPRIATION FOR THE 2025-2026 FISCAL YEAR. (enacted) - HB1237: TO PROHIBIT MEDICAL PROFESSIONALS FROM SOLICITING INJURED INDIVIDUALS; AND TO SET PENALTIES FOR A VIOLATION OF THE PROHIBITION OF SOLICITATION OF INJURED INDIV… (failed) - HB1686: TO AMEND THE LAW CONCERNING LICENSES TO CARRY CONCEALED HANDGUNS. (failed) - SB440: TO AMEND THE LAW CONCERNING EMBALMERS AND FUNERAL DIRECTORS; TO REGULATE THE USE OF ALKALINE HYDROLYSIS; AND TO REGULATE ALKALINE HYDROLYSIS FACILITIES. (failed) - HB1695: TO CLARIFY THE FORECLOSURE PROCESS FOR PROPERTY SUBJECT TO A MUNICIPAL LIEN; TO ALLOW A MUNICIPALITY TO PETITION TO SET ASIDE THE SALE OF PROPERTY TO CERTAIN P… (failed) - HR1012: TO AMEND THE RULES OF THE HOUSE OF REPRESENTATIVES OF THE NINETY-FIFTH GENERAL ASSEMBLY; TO REQUIRE THAT A MEMBER OF THE HOUSE OF REPRESENTATIVES BE SELECTED A… (failed) ## Sources - [SB480 - Introduced (PDF)](https://www.arkleg.state.ar.us/Home/FTPDocument?path=%2FBills%2F2025R%2FPublic%2FSB480.pdf) - [Act Version (PDF)](https://www.arkleg.state.ar.us/Acts/FTPDocument?path=%2FACTS%2F2025R%2FPublic%2F&file=739.pdf&ddBienniumSession=2025%2F2025R) ## Related - [HB1265: AN ACT FOR THE UNIVERSITY OF ARKANSAS AT LITTLE ROCK APPROPRIATION FOR THE 2025…](https://policyrisk.com/state-bill/AR-HB1265-2025) - [HB1237: TO PROHIBIT MEDICAL PROFESSIONALS FROM SOLICITING INJURED INDIVIDUALS; AND TO S…](https://policyrisk.com/state-bill/AR-HB1237-2025) - [HB1686: TO AMEND THE LAW CONCERNING LICENSES TO CARRY CONCEALED HANDGUNS.](https://policyrisk.com/state-bill/AR-HB1686-2025) - [SB440: TO AMEND THE LAW CONCERNING EMBALMERS AND FUNERAL DIRECTORS; TO REGULATE THE US…](https://policyrisk.com/state-bill/AR-SB440-2025) - [HB1695: TO CLARIFY THE FORECLOSURE PROCESS FOR PROPERTY SUBJECT TO A MUNICIPAL LIEN; TO…](https://policyrisk.com/state-bill/AR-HB1695-2025) - [HR1012: TO AMEND THE RULES OF THE HOUSE OF REPRESENTATIVES OF THE NINETY-FIFTH GENERAL…](https://policyrisk.com/state-bill/AR-HR1012-2025) - [Arkansas bills](https://policyrisk.com/states/arkansas/bills) - [Arkansas state hub](https://policyrisk.com/states/arkansas) - [All state legislation](https://policyrisk.com/state-bills) Source: PRIA, https://policyrisk.com/state-bill/AR-SB480-2025 (as of 2026-10-19).