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 prohibits anonymous contributions of $50 or more and mandates that any such contributions received must be paid to the Arkansas Ethics Commission. It also clarifies that the total contributions from a donor during an election cannot exceed the established maximum limit, regardless of the number of ballot questions the committee supports or opposes. The Arkansas Ethics Commission is tasked with setting and adjusting these contribution limits through rule-making processes.