The proposed bill aims to restrict local regulations concerning underground gas storage facilities, fuel retailers, and related transportation infrastructure in Arkansas. It introduces a new section to the Arkansas Code that explicitly prohibits municipalities, counties, special districts, or political subdivisions from adopting laws, ordinances, or regulations that would either outright ban or effectively prevent the establishment of these facilities within their jurisdictions. Specifically, the bill disallows any local laws that would prohibit the siting, development, or redevelopment of underground gas storage facilities and fuel retailers, as well as any requirements for fuel retailers to invest in specific types of fueling infrastructure, such as electric vehicle charging stations.

However, the bill does allow local governments to implement regulations that do not conflict with state law, provided they do not result in a prohibition of gas storage facilities or fuel retailers in areas where such uses are permitted. The bill defines key terms such as "fuel retailer" and "related transportation infrastructure," ensuring clarity in its application. Overall, this legislation seeks to create a more uniform regulatory environment for gas storage and fuel retail operations across the state, limiting local control in these areas.