The bill proposes the repeal of the Arkansas Alternative Motor Fuel Development Act and the Alternative Motor Fuel Development Fund. Specifically, it seeks to eliminate Arkansas Code Title 15, Chapter 10, Subchapter 9, which encompasses the definitions, provisions, and rebate structures related to alternative motor fuels, including compressed natural gas, liquefied natural gas, and electric vehicle charging stations. The bill also repeals the section that established the Alternative Motor Fuel Development Fund, which was intended to provide financial support for rebates and incentives under the now-repealed act.

By removing these legal frameworks, the bill effectively discontinues the state's efforts to promote the development and use of alternative motor fuels through financial incentives and regulatory definitions. This legislative change signifies a shift in policy regarding alternative energy sources for vehicles in Arkansas, potentially impacting future investments and initiatives in this sector.