TO AMEND THE LAW CONCERNING THE USE OF SETTLEMENT FUNDS BY THE ATTORNEY GENERAL.

HB 1831 amends the law governing how the Arkansas Attorney General's office manages and uses funds received from legal settlements and civil penalties. The bill specifies that these funds must be distributed for purposes such as restitution to Arkansas consumers or state agencies, payment of attorney's fees, or for the Attorney General's office operations and grants. It also mandates that the Attorney General's office provide quarterly reports to legislative committees, detailing the source, amount, and planned disbursement of all received funds, including specific rationale for disbursing funds to any particular entity.