The bill amends Arkansas law regarding real property by introducing a new subchapter focused on Agricultural Impact Remediation Agreements. This subchapter defines key terms such as "agricultural impact remediation agreement," "agricultural land," "commercial renewable energy facility," "construction," "deconstruction," and "landowner." It mandates that before the construction of a commercial renewable energy facility on agricultural land, the facility owner must enter into an agricultural impact remediation agreement with the landowner. This agreement must outline standards for construction and deconstruction, be submitted to the Department of Agriculture, and include a comprehensive deconstruction plan with financial assurances.

Additionally, the bill stipulates that the agricultural impact remediation agreement is binding on future owners and landowners and can be modified by underlying agreements. It clarifies that this new subchapter does not affect agreements made prior to its effective date and does not apply when the facility owner is also the landowner. The bill aims to ensure the protection and restoration of agricultural land impacted by renewable energy projects.