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HB 1113

AN ACT FOR THE OFFICE OF THE TREASURER OF STATE - GENERAL OBLIGATION BONDS APPROPRIATION FOR THE 2025-2026 FISCAL YEAR.

2025 Regular Session

Arkansas authorizes state treasurer to issue general obligation bonds for 2025-2026 fiscal year to fund unspecified capital projects through public debt.

Notification that HB1113 is now Act 8
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Bill Summary · HB 1113

Legislative bill overview

HB 1113 authorizes the Arkansas Office of the Treasurer of State to issue general obligation bonds for the 2025-2026 fiscal year. The bill was passed with an emergency clause, indicating urgent implementation, and has now become Act 8 of the 2025 legislative session.

Why is this important

General obligation bonds are a major financing tool for state infrastructure, education, and other capital projects. This appropriation determines what projects the state can fund through borrowing in the upcoming fiscal year, directly affecting public investment priorities and the state's debt obligations that taxpayers ultimately repay.

Potential points of contention

  • Lack of project specificity: The bill summary does not specify which projects or programs these bonds will fund, making it difficult to assess whether public money is being allocated to voter priorities
  • Debt accumulation: General obligation bonds increase state debt that must be repaid with interest over time, potentially limiting future budget flexibility
  • Emergency clause justification: The adoption of an emergency clause bypasses standard deliberation procedures; the urgency rationale for expedited passage is not evident from available information

Compiled from official sources — confirm details with the bill’s official record.

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