The bill amends Arkansas Code 25-16-718 to clarify the use of settlement and civil penalty funds by the Attorney General. It introduces new provisions that require the Attorney General to create and maintain accounts for funds resulting from settlements or judgments in lawsuits where the state is a party, as well as for civil penalties collected without specified uses. The bill outlines the distribution of these funds, which can include restitution to consumers, payments to state agencies, attorney's fees, and operational expenses for the Attorney General's office.
Additionally, the bill mandates that the Attorney General's office provide quarterly reports to the Legislative Council or Joint Budget Committee detailing all cash funds received from court orders or settlement agreements. These reports must include information such as the case name, amount received, plans for fund disbursement, and any specific activities funded. The reports are required to be submitted by the fifteenth day of the month following the end of each quarter, ensuring transparency and accountability in the management of these funds.