The bill aims to amend existing laws regarding waterworks and water supply in Arkansas by authorizing public waterworks system owners to utilize public funds and issue bonds specifically for the replacement of lead and certain galvanized customer service lines. The General Assembly recognizes the health risks associated with lead exposure, including organ damage and reproductive health complications, and mandates local water providers to replace lead service lines in compliance with federal regulations. The bill establishes that the replacement of these lines serves a public purpose, allowing the use of water utility rate revenue and other public funds for this initiative.

Additionally, the bill defines key terms such as "lead service line," "person," "public entity," and "water provider," and outlines the conditions under which a water provider may replace lead service lines located on private property, including obtaining consent from property owners and adhering to local regulations. It also clarifies that while water providers can spend public funds and issue bonds for these replacements, doing so does not transfer ownership or maintenance responsibilities of the replaced lines unless agreed upon by the involved parties.