AR SB867

Amends Arkansas Code § 4-88-105(e) to establish a Consumer Education and Enforcement Account managed by the Consumer Protection Division to receive funds from settlements and judgments in consumer protection lawsuits where the state is a party.

Caps the Consumer Education and Enforcement Account balance at $1,000,000 and permits use of funds for litigation support, expert witness fees, court costs, attorney training, consumer education, and investigation expenses.

Requires the Attorney General to distribute settlement and judgment funds within 120 days according to a priority order: restitution to consumers or state agencies, designation to related state agencies, payment of attorney's fees or civil penalties, or deposits into the Consumer Education and Enforcement Account.

Mandates quarterly reporting to the Legislative Council or Joint Budget Committee on all cash funds received from court orders and settlements, including case names, amounts, disbursement plans, and current fund balances.

Reporting requirements are effective from July 1, 2013, through June 30, 2014, as temporary legislation.