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Bill

HB 1988

TO AMEND THE LAW CONCERNING THE DISTRIBUTION OF AUTO AUCTION FEES FOR SALVAGE-TITLED OR PARTS-ONLY TITLED VEHICLES; AND TO AMEND THE PURPOSE FOR WHICH AUTO AUCTION FEES MAY BE USED.

2025 Regular Session Introduced by Ricky Hill and 1 co-sponsor

HB 1988 allocates 50% of auto auction fees from salvage vehicles to the Arkansas State Police, enhancing oversight and consumer protection in auto auctions.

Notification that HB1988 is now Act 930
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Bill Summary · HB 1988

Summary of House Bill 1988 (HB 1988)

Purpose and Intent

House Bill 1988 (HB 1988) aims to amend existing laws regarding the distribution and use of auto auction fees specifically for salvage-titled or parts-only titled vehicles in Arkansas. The bill seeks to enhance oversight and inspection processes related to auto auctions, thereby improving regulatory compliance and consumer protection.

Key Provisions

  • Distribution of Auto Auction Fees: The bill modifies Arkansas Code § 23-112-614(c)(2) to stipulate that 50% of the auto auction fees collected from salvage-titled or parts-only titled vehicles will be allocated to the Division of Arkansas State Police. This funding is designated for the inspection and oversight of auto auction operations.

  • Purpose of Fees: The bill clarifies the intended use of the auto auction fees, emphasizing their role in supporting regulatory activities rather than general revenue.

Impact

  • Affected Entities: The primary beneficiaries of this bill are the Arkansas State Police, which will receive additional funding to enhance their oversight capabilities. This could lead to improved safety and compliance standards within the auto auction industry.

  • Auto Auction Operators: Operators of auto auctions dealing with salvage-titled or parts-only titled vehicles may experience increased scrutiny and regulatory oversight as a result of this bill.

Legislative Timeline

  • Introduced: April 3, 2025
  • Amendment: An amendment was added to include Senator Hill as a cosponsor.
  • Passed: The bill was read and passed multiple times in both the House and Senate, with the final passage occurring on April 16, 2025.
  • Enactment: HB 1988 was officially enacted as Act 930 on April 21, 2025.

Conclusion

HB 1988 represents a legislative effort to strengthen the regulatory framework surrounding auto auctions in Arkansas, particularly for vehicles with salvage titles. By reallocating a significant portion of auction fees to the Arkansas State Police, the bill aims to enhance oversight and ensure that auto auctions operate within the bounds of the law, ultimately benefiting consumers and the integrity of the auto auction market.

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

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