The bill amends Arkansas law regarding sewer collection and treatment providers by establishing a new subchapter focused on the oversight of wastewater and sewer retail providers. It outlines the responsibilities of the Arkansas Natural Resources Commission and the Division of Environmental Quality in overseeing these providers, emphasizing the need for adequate rates to support capital improvements and operational needs. Key provisions include requirements for providers to conduct regular rate studies, maintain a refurbishment and replacement account, and develop improvement plans if found in fiscal distress. The bill also mandates training for board members of providers to ensure they are equipped to manage their responsibilities effectively.

Additionally, the bill specifies that providers must file their rate studies annually and outlines the process for addressing fiscal distress, including the need for commission approval before incurring additional debt or accepting financial assistance. It establishes criteria for new providers and includes provisions for workforce recruitment and retention. The Arkansas Natural Resources Commission is tasked with promulgating rules to implement these changes, with a deadline for initial rules set for January 1, 2026.