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, rebates, and regulations associated with alternative motor fuels, including compressed natural gas, liquefied natural gas, and electric vehicles. The bill also repeals the provisions related to the Alternative Motor Fuel Development Fund, which was established to provide financial support for rebates and incentives under the now-repealed act.

By removing these statutes, the bill effectively discontinues the state's efforts to promote the development and use of alternative motor fuels through financial incentives and regulatory frameworks. This legislative change reflects a shift in policy regarding alternative energy sources for vehicles in Arkansas, signaling a potential move away from supporting these initiatives at the state level.