This bill designates the Oil and Gas Commission as the custodian of all property and the disbursing agent of all funds for the Office of the State Geologist. It amends Arkansas Code 15-55-204 to clarify the roles and responsibilities of the State Geologist and the director of the Oil and Gas Commission. The State Geologist will continue to be appointed by the Governor and will report to the Director of Production and Conservation and the Secretary of the Department of Energy and Environment.

Key changes include the deletion of the State Geologist's role as custodian of property and disbursing agent of funds, which will now be the responsibility of the director. The bill also specifies that the director will act in consultation with the secretary regarding the disbursement of funds. Additionally, the language has been updated to reflect the proper title of the office as the "Office of State Geologist." These changes aim to streamline the management of property and funds associated with geological services in the state.