HB1359
To Make Technical Corrections To Title 19 Of The Arkansas Code Concerning Public Finance.
AI-Generated Summary
This bill, House Bill 1359, proposes to make technical corrections to Title 19 of the Arkansas Code, which pertains to public finance. It specifically amends Section 19-4-803(c) to repeal obsolete language and make stylistic changes regarding exemptions from laws concerning the expenditure of cash funds. This amendment clarifies exemptions for the Arkansas Comprehensive Health Insurance Pool, the Arkansas Property and Casualty Insurance Guaranty Fund, and the Arkansas Life and Health Insurance Guaranty Association. Additionally, the bill amends Section 19-5-922(b)(2) concerning the State Insurance Department Trust Fund, also to repeal obsolete language. The purpose of this amendment is to clarify the uses of the trust fund. The bill includes a section outlining legislative intent, stating that this act is intended to make only technical, not substantive, changes to the Arkansas Code. It also clarifies that the enactment of this bill shall not expressly or impliedly repeal any act passed during the current legislative session and that in case of conflict, acts passed in the current session will be treated as subsequent acts.
Potential Impact Analysis
Who Might Benefit?
The primary beneficiaries of this bill would be the entities whose exemptions and the uses of trust funds are being clarified or made more efficient. This includes the Arkansas Comprehensive Health Insurance Pool, the Arkansas Property and Casualty Insurance Guaranty Fund, and the Arkansas Life and Health Insurance Guaranty Association. The State Insurance Department would also benefit from clearer guidelines on the use of its Trust Fund. Furthermore, fire departments certified by the Division of Emergency Management could indirectly benefit from the clarified funding provisions within the State Insurance Department Trust Fund.
Who Might Suffer?
This bill is primarily focused on technical corrections and clarifications of existing law, and as such, it is unlikely that any specific groups or entities would be directly and negatively impacted. The language used in the bill emphasizes "technical corrections" and "repealing obsolete language," suggesting an intent to streamline and clarify existing statutes rather than alter their fundamental purpose or impact. Therefore, no identifiable groups are directly or negatively impacted by the proposed changes.