---
type: "Bill"
title: "TO AMEND THE LAW CONCERNING THE INVESTMENT OF STATE FUNDS."
description: "TO AMEND THE LAW CONCERNING THE INVESTMENT OF STATE FUNDS."
jurisdiction: "us/states/ar"
legislature: "Arkansas Legislature"
session: "2025"
identifier: "SB 480"
citation: "Arkansas SB 480 (2025)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: ["K. Hammer", "Wing"]
version_count: 2
action_count: 15
vote_count: 0
first_action: "2025-03-17T19:41:51+00:00"
last_action: "2025-04-18T21:11:52+00:00"
source: "openstates"
source_identifier: "ocd-bill/224145bb-3764-4a66-9c23-8b2621752145"
source_url: "https://www.arkleg.state.ar.us/Bills/FTPDocument/?path=%2fSessionInformation%2LegislativeMeasures.txt"
source_hash: "636bd6c2caec26f234736335221b055c52b93672d185a7d21a8a3128806b977f"
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 SB 480 (2025) — TO AMEND THE LAW CONCERNING THE INVESTMENT OF STATE FUNDS.

## Version chain

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

1. **Act 739** (committee substitute) — [source](https://www.arkleg.state.ar.us/Acts/FTPDocument?path=%2FACTS%2F2025R%2FPublic%2F&file=739.pdf&ddBienniumSession=2025%2F2025R)
2. **SB 480** (committee substitute) — [source](https://www.arkleg.state.ar.us/assembly/2025/2025R/Bills/SB480.pdf)

## Sponsors

- K. Hammer — primary (person)
- Wing — primary (person)

## Timeline

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

- **2025-03-17T19:41:51+00:00** Filed `introduction`
- **2025-03-17T21:24:32+00:00** Read first time, rules suspended, read second time, referred to INSURANCE & COMMERCE - SENATE `reading-1, referral-committee`
- **2025-03-20T18:52:36+00:00** Returned by the Committee, with the recommendation that it Do Pass `committee-passage-favorable`
- **2025-03-31T20:43:41+00:00** Read the third time and passed. `passage, reading-3`
- **2025-03-31T20:43:50+00:00** Ordered immediately transmitted to the House.
- **2025-03-31T22:39:15+00:00** RECEIVED FROM THE SENATE
- **2025-04-01T02:23:31+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`
- **2025-04-09T19:27:09+00:00** Returned by the Committee Do Pass `committee-passage`
- **2025-04-14T21:46:30+00:00** Read the third time and passed and ordered transmitted to the Senate. `passage, reading-3`
- **2025-04-14T21:46:42+00:00** Returned to the Senate as passed.
- **2025-04-15T01:47:37+00:00** Returned from the House as passed.
- **2025-04-15T01:47:41+00:00** ORDERED ENROLLED
- **2025-04-15T14:06:52+00:00** Reported correctly enrolled and ordered delivered to the Governor.
- **2025-04-15T14:06:56+00:00** DELIVERED TO GOVERNOR. `executive-receipt`
- **2025-04-18T21:11:52+00:00** Notification that SB480 is now Act 739 `executive-signature`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/224145bb-3764-4a66-9c23-8b2621752145`. Confidence: reported (aggregated from official Arkansas legislature records).