The resolution authorizes Senator King to introduce a non-appropriation bill aimed at regulating the impact of blockchain networks and digital asset mining on water usage and the electrical grid in Arkansas. The proposed legislation seeks to amend the Arkansas Data Centers Act of 2023 and enhance the powers of the Arkansas Natural Resources Commission and the Arkansas Public Service Commission. Specifically, it mandates the monitoring of water usage by these operations and allows for the closure of such activities if they are found to excessively deplete critical groundwater supplies. Additionally, the bill empowers the Public Service Commission to monitor the electric grid's stability and halt services to operations that threaten its reliability.
The resolution outlines the responsibilities of both commissions, including the development of rules to implement these monitoring and regulatory measures. The Arkansas Natural Resources Commission will focus on water usage impacts, while the Arkansas Public Service Commission will oversee the electric grid's integrity. The bill emphasizes the need for timely rule adoption, with a deadline set for January 1, 2027, or as soon as practicable following necessary approvals. Overall, the resolution aims to ensure that the growth of blockchain and digital asset mining in Arkansas does not compromise essential natural resources or the stability of the state's electrical infrastructure.