The bill amends Arkansas law regarding the allocation of funds resulting from litigation involving the General Improvement Fund or its successor funds. It specifies that when a settlement or judgment is reached in such cases, the Attorney General is responsible for creating accounts to receive the funds and distributing them according to established guidelines. The bill introduces a new subsection (d) that mandates that funds from settlements related to the General Improvement Fund be deposited into the State Treasury, specifically for use by the Division of Arkansas State Police for crime reduction and prevention programs, as well as for assisting the Division of Community Correction with probation, parole, and post-release supervision services.

Additionally, the bill modifies existing language to clarify the distribution process of settlement funds, ensuring that the Attorney General's office provides quarterly reports to the Legislative Council or Joint Budget Committee detailing the funds received, their intended disbursement, and any specific activities funded. The changes aim to enhance transparency and accountability in the management of funds resulting from litigation involving state interests.