The bill amends Arkansas Code 25-16-718 to enhance the management and reporting 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 both settlements and civil penalties where the law does not specify their use. The bill specifies that the Attorney General must distribute these funds for various purposes, including restitution to consumers, payments to state agencies, attorney's fees, and operational expenses of 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 disbursement, and any specific activities funded. The bill aims to improve transparency and accountability in the use of settlement funds, ensuring that the Attorney General's office provides detailed information on how these funds are utilized.