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Sun December 8, 2013
Arkansas Attorney General: Laws Help Consumers During Winter Storm
Arkansas Attorney General Dustin McDaniel says Gov. Mike Beebe's declaration of a state of emergency because of winter storms crossing the state has triggered state laws intended to protect consumers during an emergency.
McDaniel says Thursday's declaration triggers a state law that prohibits businesses from raising prices more than 10 percent, with certain exceptions. Businesses may exceed the 10-percent cap if they can establish that the higher price is directly related to added expenses such as costs imposed by a supplier or because of higher labor and materials costs.
Otherwise - businesses may not raise prices by more than 10 percent for 30 days after the state of emergency declaration.
The 10-percent cap on price increases applies items such as food and water, batteries, fuel and construction materials.