TO AMEND THE LAW CONCERNING THE INVESTMENT OF STATE FUNDS.
This bill, now Act 739, modifies Arkansas law concerning the investment of state funds managed by the State Treasury. It revises the specific types of securities and bank deposits the Treasurer of State can invest in, including reducing the requirement for corporate obligations to be rated by one nationally recognized statistical rating organization instead of two. The act also clarifies that the competitive procedures for purchasing and selling securities should prioritize optimal price and value without favoring any broker. Finally, it specifies the timing for distributing earned interest from these investments to state agencies, boards, and commissions.
Bill status
signed
all 5 stages cleared
Introduction
Mar 2025
Committee Review
Apr 2025
Senate Passage
Apr 2025
House Passage
Apr 2025
Signed into Law
Apr 2025
Introduced Mar 17, 2025
Signed Apr 18, 2025
Maddy AI version diff · 1 comparison
What changed between versions
Act 739
→
SB 480
·
2 edits
MINOR
The bill was renumbered from Act 739 to Senate Bill 480 for the 95th General Assembly, and the approval date was removed from the text, indicating a transition from a previously enacted act to a new legislative session bill.
TECHNICAL
Bill number changed from Act 739 to Senate Bill 480, reflecting a new legislative session.
Approval date (4/17/25) was removed from the document text.
Floor votes
How they voted
This bill passed the Senate by voice vote (no roll call recorded).
Full legislative history
Actions timeline
Total actions
15
Key actions
7
Committee
2
Apr 18, 2025
Signed into law
Notification that SB480 is now Act 739
upper
Apr 15, 2025
Upper · Passed
Returned from the House as passed.
upper
Apr 14, 2025
Lower · Passed
Returned to the Senate as passed.
lower
Apr 14, 2025
Lower · Passed
Read the third time and passed and ordered transmitted to the Senate.
lower
Apr 9, 2025
Lower · Passed
Returned by the Committee Do Pass
lower
Mar 31, 2025
Upper · Passed
Read the third time and passed.
upper
Mar 20, 2025
Upper · Passed
Returned by the Committee, with the recommendation that it Do Pass
upper
Mar 17, 2025
Introduced
Filed
upper
2 primary · 0 co-sponsors
Sponsors
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