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ArkansasSB5452025 Regular SessionSenate

TO AMEND THE LAW RELATED TO THE PROPERTY AND FINANCES OF STATE INSTITUTIONS OF HIGHER EDUCATION; TO AMEND THE LAW RELATED TO BONDS; AND TO AMEND THE LAW REGARDING RENTS, TOLLS, FEES, AND OTHER CHARGES RELATED TO ATHLETIC CONTESTS.

Sponsored By: Carol Dalby (Republican), Mark Johnson (Republican)

Enacted

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Bill Overview

Analyzed Economic Effects

3 provisions identified: 2 benefits, 1 costs, 0 mixed.

Arkansas university boards gain property powers

The law covers boards for the University of Arkansas, Arkansas State University system, University of Central Arkansas, Arkansas Tech University, and Southern Arkansas University. They can build, buy, move, repair, and equip buildings and parking facilities. Their expanded powers include buying, improving, leasing, licensing, and equipping infrastructure, technology, and other physical or nonphysical property deemed suitable for their schools. Boards can set rents, tolls, fees, activity fees, and athletic admission charges. They can also enforce rules for using these properties to serve the school and its students.

University boards gain more borrowing options

Authorized university boards can back interest-bearing notes or bonds with additional revenue from board and campus operations. This added revenue source excludes money from tax collections. The law does not specify a borrowing amount or provide a direct household payment.

Henderson State loses separate property listing

The law removes Henderson State University from the list of boards authorized to use these specific property powers. This change does not establish whether the school has property powers under other laws. No direct household financial change is stated.

Sponsors & Cosponsors

Sponsors

  • Carol Dalby

    Republican • House

  • Mark Johnson

    Republican • Senate

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 122 • No: 4

House vote • 4/7/2025

House Vote - Monday, April 7, 2025 9:30:28 PM

Yes: 95 • No: 1

Senate vote • 4/1/2025

Senate Vote - Tuesday, April 1, 2025 4:30:10 PM

Yes: 27 • No: 3 • Other: 1

Actions Timeline

  1. Notification that SB545 is now Act 564

    4/14/2025Senate

  2. DELIVERED TO GOVERNOR.

    4/9/2025Senate

  3. Reported correctly enrolled and ordered delivered to the Governor.

    4/9/2025Senate

  4. ORDERED ENROLLED

    4/8/2025Senate

  5. Returned from the House as passed.

    4/8/2025Senate

  6. Returned to the Senate as passed.

    4/8/2025House

  7. Read the third time and passed and ordered transmitted to the Senate.

    4/7/2025House

  8. Returned by the Committee Do Pass

    4/3/2025House

  9. Read the first time, rules suspended, read the second time and referred to the Committee on EDUCATION COMMITTEE- HOUSE

    4/1/2025House

  10. RECEIVED FROM THE SENATE

    4/1/2025House

  11. Ordered immediately transmitted to the House.

    4/1/2025Senate

  12. Read the third time and passed.

    4/1/2025Senate

  13. Returned by the Committee, with the recommendation that it Do Pass

    3/31/2025Senate

  14. Read first time, rules suspended, read second time, referred to EDUCATION COMMITTEE - SENATE

    3/20/2025Senate

  15. Filed

    3/20/2025Senate

Bill Text

  • SB545 - Introduced

    3/20/2025

    PDF

  • Act Version

    PDF

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