This bill amends Arkansas law regarding real property by introducing a new subchapter focused on Agricultural Impact Remediation Agreements. It defines key terms such as "agricultural impact remediation agreement," "agricultural land," "commercial renewable energy facility," "construction," "deconstruction," and "landowner." The bill 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 is exempt from public record disclosure under the Freedom of Information Act. It clarifies that the provisions of this subchapter do not affect agreements made prior to its enactment and do not apply when the facility owner is also the landowner. Overall, the bill aims to protect agricultural land while facilitating the development of renewable energy projects.