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Senate hearing on ADFA: sponsor to amend bill after debate over board makeup and tax-credit distribution
Summary
Sen. Sullivan's amended SB 475 would reconstitute the ADFA board and direct low-income housing tax credits to be distributed by congressional district; ADFA officials expressed reservations about congressional districts as the allocation unit and urged more data-driven outreach; sponsor agreed to revise language and return Thursday.
Senator Sullivan presented amendments to SB 475 intended to change the appointment process for the Arkansas Development Finance Authority and to require distribution of certain low-income housing tax credits by congressional district. "It distributes the money in an equitable manner between the 4 congressional districts," Sullivan said, arguing his district had been underrepresented and that legislative oversight needed…
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