The proposed legislation aims to establish the Budget and Revenue Accountability Council (BRAC) Act in the state of Arkansas. The primary purpose of this act is to enhance oversight and accountability regarding budget and revenue matters within the state government.

By creating the BRAC, the act seeks to ensure that financial resources are managed effectively and transparently, thereby promoting fiscal responsibility. This initiative reflects a commitment to improving the state's financial governance and ensuring that budgetary decisions are made with greater accountability to the public.