This bill amends the Arkansas Constitution to update the definition of "economic development projects" as outlined in Article 12, Section 5. The amendment adds "facilities for the retail sale of goods" to the existing list of qualifying projects, which includes manufacturing, research, recycling, distribution centers, call centers, warehouse facilities, job training facilities, and sports complexes. The previous language that included "and" before the sports complexes has been deleted to accommodate this addition.

Additionally, the bill declares an emergency, stating that the amendment is necessary to align with previous legislation (Acts 2019, No. 798) that allowed retail facilities to qualify as economic development projects. The lack of inclusion in the Arkansas Constitution has hindered municipalities from investing in such projects, which are essential for generating revenue and jobs. The bill will take effect immediately upon approval by the Governor or under specified conditions if not acted upon.