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HB 1927

Revenue and taxation; Oklahoma taxable income and Oklahoma adjusted gross income; retirement income; exemption; effective date.

2025 Regular Session Introduced by Jonathan Wilk

The bill claims to authorize bonds to help Bolivar County rehabilitate Old Highway 61, but the provided text does not include bond authorization language.

Referred to Appropriations and Budget Finance Subcommittee
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Bill Summary · HB 1927

Summary — HB 1927

Bill number: HB 1927
Title (per filing): Bonds; authorize issuance to assist Bolivar County with Old Highway 61 Rehabilitation Project
Introduced: January 16, 2025
Subject: Ways and Means
Status: Died in Committee (per summary information provided)

Note: The legislative text and action history provided for HB 1927 appear to contain mixed and conflicting material from more than one jurisdiction and more than one bill (Arkansas and Illinois versions). This summary highlights the stated purpose from the bill header (bond authorization for Bolivar County) and the actual text excerpts supplied (which primarily amend effective‑date/emergency language). Users should consult the official legislative records for the sponsoring chamber for the definitive bill text.

Purpose and intent

  • According to the bill header, HB 1927 was intended to authorize the issuance of bonds to assist Bolivar County with the rehabilitation of Old Highway 61. The apparent goal would be to provide state bond proceeds or state-backed financing to support a local road rehabilitation project in Bolivar County.

Key provisions (from supplied text)

  • The substantive text supplied does not contain bond authorization language. Instead, it primarily amends emergency/effective‑date provisions of an existing Acts 2025, No. 408, including:
    • Changing an effective date reference from July 1, 2026 to July 1, 2025.
    • Clarifying that Sections 15 and 20 of the referenced Act are effective immediately upon passage and approval.
    • Including emergency clauses stating the bill (or amended Act) is necessary for immediate preservation of public peace, health and safety and specifying when the Act becomes effective (date of Governor’s approval; expiration of veto period; or date of veto override).
  • The supplied packet also contains unrelated Illinois bill text (Open Space Lands Acquisition and Development Act amendments) and a Senate amendment that replaces section text. Those Illinois items are not related to the bond/road subject.

Who would be affected

  • If the bill as titled had been enacted (i.e., if it actually authorized bonds for Old Highway 61):
    • Bolivar County would be a primary beneficiary (funds for rehabilitation).
    • Arkansas Department(s) involved in transportation and bond administration would be involved in project oversight and debt servicing arrangements.
    • State taxpayers could be affected depending on whether debt service is paid from general revenues or a dedicated revenue stream.
  • Based on the supplied emergency/effective‑date text, agencies covered by Acts 2025, No. 408 (including potentially the Secretary of State per the emergency findings) would be affected by the timing of appropriations and operational continuity.

Fiscal and timeline implications

  • No dollar amounts, bond limits, repayment terms, or project schedules are provided in the supplied text. Therefore, fiscal impact (bond principal, interest, debt service source) cannot be determined from the materials given.
  • The emergency language as drafted would make certain sections effective immediately (on Governor’s signature or related milestones) and moves an effective date up one year (2026 → 2025) in the cited Act—affecting fiscal-year timing for appropriations and operations.

Procedural history / current status

  • Filed: January 16, 2025.
  • The summary indicates the bill ultimately "Died In Committee."
  • The action list provided mixes records from multiple chambers and jurisdictions; some entries show readings, committee actions, amendments, and co‑sponsor additions consistent with Illinois House procedure, while other text reflects Arkansas Act amendments. Because of these inconsistencies, the procedural status should be verified against the official clerk/legislative website of the relevant state (Arkansas or Illinois).

Important caveats / recommendation

  • The supplied materials appear to conflate two different HB 1927s (Arkansas and Illinois) and do not include any explicit bond‑authorization language for Bolivar County in the quoted bill text. Before relying on this summary for legal, fiscal, or planning purposes, confirm the authoritative bill text and docket with the appropriate state legislature’s official website (Arkansas General Assembly or Illinois General Assembly) and review the enrolled bill or session laws.

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

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