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ArkansasSB722026 Fiscal SessionSenate

AN ACT FOR THE DEPARTMENT OF COMMERCE - ARKANSAS ECONOMIC DEVELOPMENT COMMISSION REAPPROPRIATION.

Sponsored By: Joint Budget Committee

Enacted

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Bill Overview

Analyzed Economic Effects

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

Continued funding for minority business growth

Beginning July 1, 2026, the law renews $129,082 in spending authority from a 2025 appropriation. This supports the Arkansas Economic Development Commission's Minority and Women-Owned Business Loan Mobilization Revolving Fund. The money supports minority business growth and helps minority-owned businesses compete for state contracts. The law does not set individual loan amounts or new borrower eligibility rules.

Continued funding for Arkansas's development plan

Beginning July 1, 2026, the law renews up to $80,100 from the Development and Enhancement Fund. The Commission's Executive Director allocates this money to carry out Arkansas's economic development plan. Across the act, contracts and obligations cannot exceed available funds; grants, donations, federal funds, and uncommitted cash income can supplement funding. Existing restrictions prevent using maintenance and general operating funds for these purposes. Spending must follow state purchasing, accounting, budget, revenue, and other fiscal-control laws, unless another law provides otherwise. Funds must also follow the purposes reflected in the act's budget materials and testimony.

Continued grants for Arkansas community development

Beginning July 1, 2026, the law renews two development grant and loan allocations: up to $3 million and $375,000. The money comes from the Development and Enhancement Fund and is administered by the Arkansas Economic Development Commission. Eligible recipients include state agencies, cities, counties, community-based nonprofits, and other Commission-approved groups. Projects can support private-sector jobs through public works and job training, or address threats to public health and wellbeing. Funding also covers access to public industrial and technology parks, aerospace expansion, and technology-based development. Eligible work includes ports, rail, waterways, freight-transfer facilities, rail spurs, roads, environmental mitigation, and water and sewer systems. Industrial site work can include land, construction, renovation, and equipment. Another allocation provides up to $189,757 in matching funds or loans for eligible applicants seeking grants that require a match.

Sponsors & Cosponsors

Sponsor

  • Joint Budget Committee

    Affiliation unavailable

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 116 • No: 10

House vote • 4/23/2026

House Vote - Thursday, April 23, 2026 11:47:01 AM

Yes: 82 • No: 10 • Other: 3

Senate vote • 4/22/2026

Senate Vote - Wednesday, April 22, 2026 1:59:05 PM

Yes: 34 • No: 0

Actions Timeline

  1. Notification that SB72 is now Act 93

    4/27/2026Senate

  2. DELIVERED TO GOVERNOR.

    4/24/2026Senate

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

    4/24/2026Senate

  4. ORDERED ENROLLED

    4/23/2026Senate

  5. Returned from the House as passed.

    4/23/2026Senate

  6. Returned to the Senate as passed.

    4/23/2026House

  7. EMERGENCY CLAUSE ADOPTED

    4/23/2026House

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

    4/23/2026House

  9. Read the first time, rules suspended, read the second time and placed on the CALENDAR.

    4/22/2026House

  10. RECEIVED FROM THE SENATE

    4/22/2026House

  11. Ordered Immediately transmitted to the House.

    4/22/2026Senate

  12. EMERGENCY CLAUSE ADOPTED

    4/22/2026Senate

  13. Read the third time and passed.

    4/22/2026Senate

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

    4/21/2026Senate

  15. Read first time, rules suspended, read second time, referred to JOINT BUDGET COMMITTEE

    4/14/2026Senate

  16. Filed

    4/14/2026Senate

Bill Text

  • SB72 - Introduced

    4/14/2026

    PDF

  • Act Version

    PDF

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