The bill proposes an appropriation for state turnback funds to be distributed to counties and municipalities in Arkansas for the fiscal year ending June 30, 2026. It allocates a total of $29,372,099 in general revenues and $215,000,000 in special revenues to cities, as well as $21,428,616 in general revenues and $230,000,000 in special revenues to counties. Additionally, it includes provisions for unanticipated special revenues, with $15,000,000 designated for counties and $10,000,000 for cities. The bill also addresses property tax relief, appropriating $300,000,000 for counties and $2,000,000 for cities from the Property Tax Relief Trust Fund.

Several sections of the bill include specific legal language changes, such as the adjustment of fiscal year references from 2025 to 2026 and the establishment of loan provisions to assist local governments with cash flow needs. The bill emphasizes compliance with existing fiscal control laws and outlines the intent of the General Assembly regarding the disbursement of funds. An emergency clause is included, stating that the act must take effect on July 1, 2025, to ensure the timely operation of essential governmental programs.