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 new regulations that establish maximum contribution levels determined 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 types of contributors allowed, including individuals, political parties, and approved political action committees.

Additionally, the bill sets forth that contributions must not exceed the maximum limits established by the Arkansas Ethics Commission for each election, regardless of the number of ballot questions a committee may advocate for. It also mandates that the commission will establish and adjust these contribution limits through rules, ensuring compliance with the new regulations. Overall, the bill aims to enhance transparency and regulation of campaign financing for ballot and legislative questions in Arkansas.