LITTLE ROCK — Governor Sarah Huckabee Sanders announced $150,000 in emergency financial assistance for the City of Hoxie, along with the approval of $25 million in general obligation bonds to support water and wastewater infrastructure improvements across the state.
The Arkansas Natural Resources Commission approved the funding and passed a series resolution authorizing the issuance and sale of the bonds during its meeting on Wednesday, June 4, 2025. The $25 million in State of Arkansas Water, Waste Disposal, and Pollution Abatement Facilities General Obligation Bonds will be used to address critical water infrastructure needs across the state. The current bond authority will be exhausted in 2027.
Recognizing current and future infrastructure needs, Governor Sanders signed Act 578 of 2025 during the recent legislative session. The act places a measure on the 2026 ballot that would create a new bond authority for the state. If approved, it would authorize $500 million for water and wastewater funding with no increase in general revenue.
The bond issuance follows recent strong credit ratings for Arkansas from S&P Global Ratings and Moody’s. S&P upgraded Arkansas’s general obligation bonds to AA+, the highest since 1966, which helps lower borrowing costs for infrastructure projects.