This bill aims to repeal the existing Computer and Electronic Equipment Recycling Grants and the Computer and Electronic Recycling Fund in Arkansas. Specifically, it repeals Arkansas Code 19-5-1217, which established the fund and outlined its administration by the Division of Environmental Quality. The fund was intended to support market research, establish statewide contracts for recycling, and promote various recycling and disposal options for electronic equipment. Additionally, sections 25-34-109 and 25-34-110, which also pertained to the recycling fund and grant processes, are repealed.

Furthermore, the bill modifies the disbursement of revenues generated from the sale of agency surplus computer and electronic equipment. It amends Arkansas Code 25-34-108 to change the allocation of proceeds from these sales. For sales made within the agency, 60% will be returned to the owning agency, and 40% will be deposited with the Marketing and Redistribution Section, replacing the previous 15% allocation. For sales conducted outside the agency, 50% will go to the owning agency, and 50% will be deposited with the Marketing and Redistribution Section, eliminating the previous requirement for a portion to be deposited into the now-repealed recycling fund.