The bill amends the existing laws regarding contribution limits for ballot question committees and legislative question committees in Arkansas. It removes the previous prohibition on accepting cash contributions exceeding $100 and introduces a new framework for contribution limits that will be established by the Arkansas Ethics Commission. The bill specifies that these committees cannot accept contributions from prohibited political action committees or foreign entities, and it outlines the maximum contribution levels that can be accepted from individuals, political parties, and approved political action committees for each election.

Additionally, the bill establishes that contributions must be tracked in aggregate, meaning that the total contributions from a donor during an election cannot exceed the maximum limit set by the commission, regardless of how many ballot questions the committee is advocating for. The commission is tasked with setting these contribution limits and ensuring compliance through the promulgation of rules. Overall, the bill aims to enhance the regulation of campaign financing for ballot and legislative questions, promoting transparency and accountability in the electoral process.