The proposed bill amends the law regarding hunting and fishing licenses in Arkansas by introducing a new section that mandates reimbursement to the Arkansas State Game and Fish Commission for any revenue lost due to the issuance of free or discounted licenses. The bill emphasizes the importance of revenue from these licenses for funding conservation efforts and acknowledges that programs offering free or discounted licenses can negatively impact the agency's budget. To mitigate this, the bill requires that the commission be reimbursed for lost revenue resulting from such licenses, as well as from any exemptions to licensure requirements established after the bill's effective date.

Under the new provisions, the commission is tasked with maintaining an accounting of lost revenue and submitting this information to the Department of Finance and Administration for reimbursement from the General Revenue Fund. The department is then required to deposit the reimbursed amount into the Game Protection Fund within thirty days of receiving the accounting. Additionally, the bill stipulates that all accounting records related to this reimbursement process will be subject to audit by the Treasurer of State, ensuring transparency and accountability in the management of funds related to hunting and fishing licenses.