This bill authorizes the Department of the Military to enter into public-private partnerships to enhance its activities, particularly in recruiting and retention efforts for the Arkansas National Guard. It introduces a new section to the Arkansas Code that defines a public-private partnership as an agreement between the Department and a private entity. The Secretary of the Department is granted the authority to accept voluntary services and personal property from private entities, provided that such acceptance does not compromise the integrity of the Department's programs.

Additionally, the bill outlines the procedural requirements for these partnerships, including the need for agreements to be presented to the Legislative Council or the Joint Budget Committee based on the value of the services or property received. Specifically, it sets thresholds for reporting and review based on the total value of the contributions, ensuring oversight for agreements valued at $10,000 to $50,000 and requiring review for those valued at $50,000 or more. The Secretary is also tasked with promulgating rules to implement these provisions effectively.