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 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 associated rebate programs for refueling stations and qualified alternative motor vehicle property that were previously established under this subchapter.

In addition to repealing the act, the bill also eliminates the Alternative Motor Fuel Development Fund, which was created to support rebates and incentives for alternative fuel initiatives. This fund consisted of grants and other financial resources aimed at promoting the use of alternative motor fuels in Arkansas. By repealing these provisions, the bill effectively discontinues the state's efforts to encourage the development and use of alternative motor fuels through financial incentives.