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Bill

SB 367

TO REPEAL THE SMALL BUSINESS REVOLVING LOAN FUND FOR POLLUTION CONTROL AND PREVENTION TECHNOLOGIES ACT; AND TO REPEAL THE SMALL BUSINESS REVOLVING LOAN FUND.

2025 Regular Session Introduced by Zack Gramlich and 1 co-sponsor

Arkansas repeals its small business revolving loan fund for pollution control and prevention technologies, eliminating subsidized environmental financing for small firms.

Notification that SB367 is now Act 735
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Bill Summary · SB 367

Legislative bill overview

SB 367 repeals two Arkansas statutes: the Small Business Revolving Loan Fund for Pollution Control and Prevention Technologies Act and the Small Business Revolving Loan Fund itself. This eliminates the state program that provided low-interest loans to small businesses for implementing environmental compliance and pollution prevention measures.

Why is this important

The repeal removes a financing mechanism that helped small businesses afford costly environmental upgrades and sustainability investments. Small businesses often lack access to affordable capital for pollution control projects, making this fund's elimination potentially significant for their ability to meet environmental standards and adopt cleaner technologies.

Potential points of contention

  • Impact on small business competitiveness: Elimination removes subsidized financing for environmental compliance, which may increase costs for small firms competing against larger corporations with better access to capital
  • Environmental outcomes: Fewer affordable loans could slow adoption of pollution prevention technologies, potentially affecting state environmental quality and business compliance rates
  • Program utilization data absent: The bill provides no context on how frequently the fund was used, whether it was effective, or why repeal was necessary rather than reform

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

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