The resolution authorizes Senator King to introduce a non-appropriation bill aimed at regulating digital asset mining businesses in Arkansas. The proposed legislation will amend the Arkansas Data Centers Act of 2023 to require these businesses to pay an annual fee to the Department of Energy and Environment based on their extraordinary electrical energy usage. The fee structure is tiered, with charges ranging from $25,000 for usage between 1 MW and 2.49 MW, up to $100,000 for usage exceeding 10 MW in any given month. Additionally, the bill mandates oversight and monitoring procedures to ensure compliance and prevent fraudulent activities.

Furthermore, the resolution outlines the process for new digital asset mining businesses to estimate their electrical energy usage and submit applicable fees before commencing operations. It also establishes penalties for businesses that knowingly provide false information regarding their energy consumption. The revenue generated from the fees will be allocated to various state departments for oversight and monitoring purposes, including the State Securities Department, the Office of the Attorney General, and the Department of Energy and Environment. The Department of Energy and Environment is tasked with promulgating rules to implement these provisions, with a deadline for initial rules set for January 1, 2027.