The bill amends the membership structure of the Professional Bail Bond Company and Professional Bail Bondsman Licensing Board in Arkansas. It reduces the number of board members from seven to five, with each member appointed by the Governor for a term of five years. The previous requirement for specific representation, including three licensed bail bond company owners, a municipal chief of police, a county sheriff, and two residents not affiliated with law enforcement or bail bonding, has been removed. The bill also stipulates that the current board membership will be dissolved upon the act's effective date, and new appointments will be made according to the revised structure.

Additionally, the bill clarifies that the board will continue to have the authority to administer and enforce licensing and regulation provisions for professional bail bond companies and bondsmen. It allows for the adoption of reasonable rules necessary for effective operation and ensures that existing laws related to bail bond regulation remain in effect. The members will receive expense reimbursements and stipends under specified regulations, and initial appointments will involve drawing lots for staggered terms to ensure continuity.