TO AMEND THE WATER AUTHORITY ACT; AND TO AMEND THE DEFINITION OF "QUALIFIED CORPORATION" UNDER THE WATER AUTHORITY ACT.

HB 1547 would have amended Arkansas' Water Authority Act to redefine "qualified corporation" to include nonprofit water providers and certain government entities, enabling them to convert to public water authorities. This would allow eligible organizations - such as nonprofits distributing water to the public or government entities managing water systems - to access tax-exempt financing by converting to public entities, potentially lowering water rates. The bill specified requirements for conversion, including board resolutions, service area details, and bylaws. However, the bill was withdrawn by its author on March 17, 2025, and is no longer active.