This 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 a specified use. The bill outlines how these funds should be distributed, including 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 on the case names, amounts received, plans for fund disbursement, and any specific activities funded. The bill aims to enhance transparency and accountability in the management of settlement and civil penalty funds by the Attorney General's office.