AR HB2198

Amends Arkansas Code § 15-72-305 to change civil penalties for non-compliant working interest owners and operators from a maximum of $500 to an unspecified amount under § 15-74-709, with authority to suspend sanctions for up to 60 days

Modifies distribution requirements in § 15-72-305(a)(3)(5)(A) to allow operators to distribute royalty moneys annually for up to 12 months of accumulated funds when the aggregate amount is at least $10 but less than $150 (or less than $100 in some provisions), with payments upon written request when amounts exceed $50

Changes payment documentation requirements in § 15-72-305 to require operators provide royalty owners information "in paper form or make accessible in electronic form" rather than "in a form evidencing"

Amends § 15-74-601 payment timing to allow annual distributions for accumulated proceeds under the same $10-$150 threshold, with payments triggered by written owner request at $50 threshold

Adds new § 15-74-601(g) authorizing payors to make payments by check or electronic funds transfer to persons legally entitled to oil and gas proceeds