This bill amends Arkansas Code 15-55-204 to designate 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. The bill specifies that the State Geologist will still 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. However, the responsibilities of property custody and fund disbursement, previously held by the State Geologist, will now be transferred to the Director.

The amendments include the deletion of the State Geologist's previous role as custodian of property and disbursing agent for funds, and the insertion of new language that assigns these responsibilities to the Director. Additionally, the bill clarifies that the State Geologist may delegate functions for efficient operation and outlines the advisory role of the State Geologist to various state officials on geological matters.