TO AMEND ARKANSAS LAW CONCERNING THE ALLOCATION OF FUNDS RESULTING FROM LITIGATION INVOLVING THE USE OF FUNDS FROM THE GENERAL IMPROVEMENT FUND OR ITS SUCCESSOR FUND OR FUND ACCOUNTS.

SB 145 amends Arkansas law concerning the allocation of funds obtained from certain lawsuits. Currently, the Attorney General typically distributes settlement funds, but this bill creates an exception for litigation involving the General Improvement Fund or its successor accounts. Under this bill, funds from such lawsuits would be deposited into the State Treasury. These funds would then be specifically directed to the Division of Arkansas State Police for crime reduction and prevention programs, and to assist the Division of Community Correction with probation, parole, and post-release supervision services.