This bill aims to repeal the requirement for a fiscal impact statement for any proposed legislation that imposes new or increased cost obligations for health benefit plans on state entities. It also seeks to eliminate the bill filing deadline for legislation affecting the state and public school life and health insurance programs, as well as other health benefit plans. Specifically, the bill repeals Arkansas Code 10-2-133 and Arkansas Code 21-5-421, which previously mandated that bills imposing such costs include a fiscal impact statement and adhere to a specific introduction timeline.

By removing these requirements, the bill intends to streamline the legislative process for health benefit-related bills, allowing for greater flexibility in their introduction and consideration. The deletions of the definitions and procedural stipulations related to fiscal impact statements and bill filing deadlines signify a significant shift in how health benefit legislation will be managed within the Arkansas General Assembly.