The resolution authorizes Senator King to introduce a non-appropriation bill aimed at amending the Arkansas Data Centers Act of 2023. The proposed legislation will require digital asset mining businesses to pay an annual fee to the Department of Energy and Environment based on their extraordinary electrical energy usage. The fee structure is tiered, with charges ranging from $25,000 for usage between 1 MW and 2.49 MW, up to $100,000 for usage exceeding 10 MW in any given month. Additionally, the bill outlines oversight and monitoring procedures for these businesses to ensure compliance and accuracy in reporting their energy consumption.

The resolution also stipulates that new digital asset mining businesses must provide a good faith estimate of their anticipated electrical energy usage and pay the corresponding fees before commencing operations. After one year of operation, these businesses are required to submit documentation verifying their actual energy usage, with provisions for refunds if they overestimated their consumption. The collected fees will be allocated to various state departments for oversight and monitoring purposes, ensuring that digital asset mining activities are conducted legally and responsibly. The Department of Energy and Environment is tasked with promulgating the necessary rules to implement this act.