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, regulations, and provisions related to alternative motor fuels, including compressed natural gas, liquefied natural gas, and electric vehicles. The bill also repeals the section that established the Alternative Motor Fuel Development Fund, which was intended to provide rebates and incentives for the development and use of alternative motor fuels.

By repealing these statutes, the bill effectively removes the framework that supported the promotion and funding of alternative motor fuel initiatives in Arkansas. This legislative change indicates a shift in policy regarding the state's approach to alternative energy sources for transportation, potentially impacting future investments and developments in this sector.