This bill aims to repeal the 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 promote market research, establish statewide contracts for recycling, and support measures for the recycling and disposal of 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 Additionally, sections 25-34-109 and 25-34-110, which also pertained to the recycling fund and grant processes, are repealed.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 sales, increasing the percentage returned to the owning agency and the Marketing and Redistribution Section while eliminating the previous requirement to deposit funds into the now-repealed recycling fund. The new allocation specifies that 60% of proceeds from sales within the agency will go to the agency, and 40% to the Marketing and Redistribution Section, while sales outside the agency will allocate 50% to the agency and 50% to the Marketing and Redistribution Section.