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HB 1486

RELATING TO PUBLIC ORDER.

2025 Regular Session Introduced by David Alcos and 7 co-sponsors

House Bill 1486 streamlines surplus property reacquisition by the State Highway Commission, ensuring fair valuations and reducing required appraisers from three to two.

Reported from HSH (Stand. Com. Rep. No. 61) as amended in HD 1, recommending passage on Second Reading and referral to JHA.
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Bill Summary · HB 1486

Summary of House Bill 1486: Relating to Public Order

Bill Number: HB 1486
Introduced: February 13, 2025
Status: Reported from HSH (Stand. Com. Rep. No. 61) as amended in HD 1, recommending passage on Second Reading and referral to JHA.

Purpose and Intent

House Bill 1486 aims to amend existing laws regarding the market value of surplus property acquired by the State Highway Commission. The bill seeks to clarify the process for reacquiring surplus right-of-way parcels, ensuring that the valuation process is fair and transparent.

Key Provisions

The bill introduces several important changes to the Arkansas Code § 27-67-322 concerning surplus property:

  1. Reacquisition of Surplus Property:

    • Entire right-of-way parcels declared surplus may be reacquired by refunding the original purchase price.
    • For remnant portions of surplus property, reacquisition will be based on the current market value at the time of declaration as surplus.

  2. Market Value Determination:

    • The market value of surplus property will be assessed by two certified or licensed appraisers, rather than three as previously required. This change aims to streamline the appraisal process.

Affected Parties

  • State Highway Commission: The bill directly impacts the commission's ability to manage surplus properties and streamline reacquisition processes.
  • Property Owners: Individuals or entities that may wish to reacquire surplus right-of-way parcels will benefit from clearer guidelines and potentially more favorable terms.
  • Appraisers: The change in the number of required appraisers may affect the workload and business of certified property appraisers in Arkansas.

Procedural Aspects

  • Legislative Journey:

    • The bill was introduced on February 13, 2025, and has undergone several readings and amendments.
    • It was reported favorably from the House Committee on HSH and subsequently passed through the House and Senate.
    • As of February 27, 2025, HB 1486 has been enacted as Act 210.

  • Timeline of Actions:

    • February 13, 2025: Bill filed and read for the first time.
    • February 19, 2025: Passed third reading in the House and transmitted to the Senate.
    • February 25, 2025: Passed third reading in the Senate and returned to the House.
    • February 27, 2025: Notification that HB 1486 is now Act 210.

Conclusion

House Bill 1486 represents a significant update to the laws governing surplus property reacquisition by the State Highway Commission. By clarifying the valuation process and reducing the number of required appraisers, the bill aims to facilitate smoother transactions for surplus properties, benefiting both the state and potential reacquirers.

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

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