The proposed resolution seeks to amend the Arkansas Constitution to allow counties, cities, towns, and other municipal corporations to establish and manage a water system customer assistance program. This program would provide financial aid to customers of water utilities for the payment of charges and fees associated with water services and other utilities collected by the water utility. The amendment modifies Article 12, Section 5 of the Arkansas Constitution, which currently restricts political subdivisions from becoming stockholders in or lending credit to private corporations, by adding provisions that permit funding for economic development projects and services, as well as the specific customer assistance program for water utilities.

If approved by a majority of voters in the next general election, this amendment would become effective on January 1, 2025. The resolution outlines the definitions of economic development projects and services, as well as the parameters for the water system customer assistance program. Additionally, it allows the General Assembly to amend certain provisions related to this section with a three-fourths majority vote, ensuring that any changes remain consistent with the amendment's intent. The popular name for this amendment on the ballot will be "A Constitutional Amendment to Authorize a County, City, Town, or Other Municipal Corporation to Fund and Administer a Water System Customer Assistance Program."