The bill proposes the repeal of the Arkansas Alternative Motor Fuel Development Act and the associated Alternative Motor Fuel Development Fund. Specifically, it seeks to eliminate Arkansas Code Title 15, Chapter 10, Subchapter 9, which includes definitions and provisions related to alternative motor fuels, such as compressed natural gas, liquefied natural gas, and electric vehicles. The bill also removes the framework for rebates and incentives that were previously available for the establishment of refueling stations and the purchase of qualified alternative motor vehicle property.
In addition to repealing the Act, the bill also eliminates the Alternative Motor Fuel Development Fund, which was intended to support the Arkansas Energy Office in providing rebates and incentives for alternative fuel initiatives. The removal of this fund signifies a shift away from state-supported efforts to promote alternative motor fuels and related infrastructure, effectively ending the financial mechanisms that facilitated these programs.