The 88th General Assembly
has convened the 2012 fiscal session

Tuesday, June 24, 2008

Governor open to revisiting Amendment 82

Governor Beebe told reporters yesterday that he's willing to look at changes to our system for providing incentives for "super projects" as defined by Amendment 82 to the Arkansas Constitution. The amendment, adopted by Arkansas voters in 2004, allows the Legislature to authorize ADFA to issue bonds to provide incentive funds for projects that will invest more than $500 million in capital expenditures and hire at least 500 new employees in Arkansas. The issue was raised recently by incoming Speaker Robbie Wills (D-Conway). Wills would like to see the standard lowered in order to attract a wider array of economic development. Here's more from Stephens Media.