The proposed bill establishes the Arkansas Rural Preceptorship Program Act, aimed at addressing the shortage of physicians in rural areas of Arkansas. It introduces a new subchapter to the Arkansas Code, which outlines the program's intent to combine resources from public and private organizations to attract medical students to rural communities. The program will provide opportunities for these students to experience rural life while training in various healthcare facilities, including clinics and hospitals.

The Arkansas Rural Preceptorship Program will be administered by the Division of Higher Education, which will also manage funding for the program. Eligible institutions include the University of Arkansas for Medical Sciences, the Arkansas College of Osteopathic Medicine, the New York Institute of Technology College of Osteopathic Medicine at Arkansas State University, and the Alice L. Walton School of Medicine. The program will reimburse participating institutions for medical students' placements for up to three weeks, with funding sourced from both public and private entities.