The bill amends the existing campaign finance law in Arkansas, specifically addressing contribution limits to political action committees (PACs). It modifies the definition of acceptable contributions by increasing the maximum amount that a PAC can accept from any individual in a calendar year. The previous limit of five thousand dollars ($5,000) has been raised to ten thousand dollars ($10,000).

This change is part of a broader effort to update the laws stemming from Initiated Act 1 of 1990 and Initiated Act 1 of 1996, ensuring that the regulations governing campaign finance reflect current financial realities and practices. The amendment aims to provide PACs with greater flexibility in fundraising while maintaining transparency and accountability in political contributions.

Statutes affected:
HB 1599: 7-6-201(1)
Act 455: 7-6-201(1)