The bill aims to amend the existing laws related to the administration of the Arkansas Local Police and Fire Retirement System. It explicitly states that the purpose of the act is to enhance the governance and operational framework of this retirement system, ensuring it meets the needs of local police and fire personnel.

The new legal language inserted into the current law clarifies the intent of the legislation, emphasizing the focus on improving the administration of the retirement system. There are no deletions from the current law noted in the text provided.