This bill appropriates funds for personal services and operating expenses for the Department of Energy and Environment - Oil and Gas Commission for the fiscal year ending June 30, 2024. It establishes a maximum number of regular employees, totaling 34, with specific positions and salary grades outlined. The total amount appropriated for various operational expenses, including regular salaries, extra help, and pollution control, amounts to $4,762,760. Additionally, the bill includes provisions for refunds and reimbursements, as well as a well plugging program with an appropriation of $12,500,000.

Significant changes in the bill include the authorization for the Oil and Gas Commission to transfer up to $1,000,000 per year from the Oil and Gas Commission Fund to the Abandoned and Orphaned Well Plugging Fund, replacing a previous provision that allowed for a one-time emergency transfer of $10,000,000. Furthermore, new language is added to Arkansas Code Title 15, Chapter 71, Subchapter 101, allowing for the investment of funds held in trust or special revenue funds administered by the Oil and Gas Commission, subject to the approval of the Treasurer of State. An emergency clause is also included, making the act effective from July 1, 2023, to ensure the timely operation of the agency.