TO REPEAL THE ANNUAL REPORTING REQUIREMENT RELATED TO THE PROGRESS OF FOREIGN OFFICES OF THE ARKANSAS ECONOMIC DEVELOPMENT COMMISSION.

SB 388 repeals a requirement that the Arkansas Economic Development Commission annually report on the progress of its foreign offices. This bill removes the obligation for the commission to submit these reports to the Legislative Council, Legislative Joint Auditing Committee, and the Governor each year. The change takes effect upon the bill becoming law (Act 447), eliminating a specific administrative reporting duty without altering the commission's core functions.