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HB 1486

TO AMEND THE LAW CONCERNING THE MARKET VALUE OF CERTAIN SURPLUS PROPERTY ACQUIRED BY THE STATE HIGHWAY COMMISSION.

2025 Regular Session Introduced by Rebecca Burkes and 1 co-sponsor

Arkansas law amended to change how State Highway Commission determines market value of acquired surplus property, now effective as Act 210.

Notification that HB1486 is now Act 210
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Bill Summary · HB 1486

Legislative bill overview

HB 1486 modifies Arkansas law regarding how the State Highway Commission values and handles surplus property it acquires. The bill adjusts the market value assessment requirements for certain surplus property transactions. This has become Act 210 and was signed into law in February 2025.

Why is this important

The State Highway Commission regularly acquires property for highway projects and infrastructure development. How surplus property is valued affects both the state's financial accounting and the fair compensation when property is sold or transferred, impacting public resources and potential private transactions.

Potential points of contention

  • Valuation methodology changes: Modifying how "market value" is determined could affect whether properties are valued higher or lower, benefiting or disadvantaging the state in sales or transactions
  • Transparency and oversight: Changes to property valuation procedures may reduce or increase public scrutiny of how state assets are managed and disposed of
  • Precedent for other agencies: If successful, similar amendments could be applied to other state agencies' property transactions, potentially affecting asset management across government

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

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