This bill appropriates an additional $25,000,000 to the Department of Commerce - Arkansas Economic Development Commission for the Economic Development Incentive Program. The funds are intended to provide financial incentives to companies that either establish new facilities or expand existing ones in Arkansas, as well as to those that meet specific employment levels outlined in agreements with the Department. The bill emphasizes compliance with existing laws and regulations governing the disbursement of these funds.

Additionally, the bill includes an emergency clause, which states that due to unforeseen circumstances, the current funding for the Department is insufficient to maintain essential governmental services. This clause asserts that the immediate implementation of the act is necessary to prevent irreparable harm to the administration of vital programs. The act will take effect immediately upon passage and approval, or if vetoed, upon the successful override of that veto.