TO AUTHORIZE THE INTRODUCTION OF A NONAPPROPRIATION BILL CONCERNING THE INDUSTRIAL DEVELOPMENT AUTHORITIES EXPANSION ACT.

This bill authorizes the introduction of legislation to amend Arkansas's Industrial Development Authorities Expansion Act, primarily affecting the governance and operational powers of industrial development authorities. Key changes include requiring board members to remain residents of the area they represent and allowing their removal by a two-thirds vote for good cause. The bill also clarifies that these authorities must follow local zoning and planning rules and repeals their current power to use eminent domain for property acquisition. Finally, it redefines and expands the general powers and duties of these authorities to better support economic development projects.