---
type: "Bill"
title: "TO AMEND THE FORMULA RATE REVIEW ACT; AND TO MODIFY THE TERM OF A FORMULA RATE REVIEW APPROVED BY THE ARKANSAS PUBLIC SERVICE COMMISSION."
description: "TO AMEND THE FORMULA RATE REVIEW ACT; AND TO MODIFY THE TERM OF A FORMULA RATE REVIEW APPROVED BY THE ARKANSAS PUBLIC SERVICE COMMISSION."
jurisdiction: "us/states/ar"
legislature: "Arkansas Legislature"
session: "2023"
identifier: "HB 1497"
citation: "Arkansas HB 1497 (2023)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: ["J. Boyd", "Lundstrum"]
version_count: 2
action_count: 13
vote_count: 2
first_action: "2023-02-23T18:51:05+00:00"
last_action: "2023-03-17T17:26:37+00:00"
source: "openstates"
source_identifier: "ocd-bill/eaa1b4a9-861d-46d6-b5ab-4622c4b0e916"
source_url: "ftp://www.arkleg.state.ar.us/SessionInformation/LegislativeMeasures.txt"
source_hash: "1898abcc46cb47616be28686f68308b611b3ed1473072bd0be20b3d8a48625a7"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-ar"]
---

# Arkansas HB 1497 (2023) — TO AMEND THE FORMULA RATE REVIEW ACT; AND TO MODIFY THE TERM OF A FORMULA RATE REVIEW APPROVED BY THE ARKANSAS PUBLIC SERVICE COMMISSION.

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **Act 299** (committee substitute) — [source](http://www.arkleg.state.ar.us/Acts/FTPDocument?path=%2FACTS%2F2023R%2FPublic%2F&file=299.pdf&ddBienniumSession=2023%2F2023R)
2. **HB 1497** (committee substitute) — [source](https://www.arkleg.state.ar.us/assembly/2023/2023R/Bills/HB1497.pdf)

## Votes

- Read the third time and passed. — **35–0** (pass) · upper
- Read the third time and passed and ordered transmitted to the Senate. — **96–0** (pass) · lower

## Sponsors

- J. Boyd — primary (person)
- Lundstrum — primary (person)
- G. Hodges — cosponsor (person)
- Jean — cosponsor (person)
- M. McElroy — cosponsor (person)
- Rice — cosponsor (person)
- Unger — cosponsor (person)
- Watson — cosponsor (person)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2023-02-23T18:51:05+00:00** Filed `introduction`
- **2023-02-23T21:51:14+00:00** Read the first time, rules suspended, read the second time and referred to the Committee on INSURANCE & COMMERCE- HOUSE `reading-1, reading-2, referral-committee`
- **2023-03-01T17:42:38+00:00** Returned by the Committee Do Pass `committee-passage`
- **2023-03-06T20:04:14+00:00** Read the third time and passed and ordered transmitted to the Senate. `passage, reading-3`
- **2023-03-06T22:53:34+00:00** Received from the House.
- **2023-03-06T22:53:42+00:00** Read first time, rules suspended, read second time, referred to INSURANCE & COMMERCE - SENATE `reading-1, referral-committee`
- **2023-03-09T17:33:30+00:00** Returned by the Committee, with the recommendation that it Do Pass `committee-passage-favorable`
- **2023-03-13T20:50:11+00:00** Read the third time and passed. `passage, reading-3`
- **2023-03-13T20:50:17+00:00** Returned to the House as passed.
- **2023-03-13T22:05:07+00:00** Returned From the Senate as passed.
- **2023-03-13T22:05:09+00:00** TO BE ENROLLED
- **2023-03-14T13:30:46+00:00** Correctly enrolled and ordered transmitted to the Governor's Office.
- **2023-03-17T17:26:37+00:00** Notification that HB1497 is now Act 299 `executive-signature`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/eaa1b4a9-861d-46d6-b5ab-4622c4b0e916`. Confidence: reported (aggregated from official Arkansas legislature records).