TO AMEND THE LAW CONCERNING MUNICIPAL PLANNING AREAS; AND TO REQUIRE NOTICE AND COMPENSATION TO PROPERTY OWNERS.

House Bill 1448 aims to amend Arkansas law concerning municipal planning areas and land acquisition. It sets a one-year deadline for public boards to decide whether to acquire private land designated for future public use or release it from reservation. If the public board fails to act within this timeframe, the land is released, and the property owner must receive reasonable compensation for any diminished value during the delay. Additionally, the bill requires municipal planning commissions to provide direct mail notice to affected property owners and school districts when proposing new plans, ordinances, or regulations.