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 the preparation of fiscal impact statements and established deadlines for introducing related bills.

By removing these requirements, the bill intends to streamline the legislative process for health benefit plans, allowing for greater flexibility in introducing and considering such legislation without the constraints of fiscal impact assessments or filing deadlines. This change could potentially expedite the legislative process and reduce administrative burdens associated with the evaluation of financial implications for proposed health-related bills.