SB723 Summary

• Renames the "Division of Legislative Audit" to "Arkansas Legislative Audit" throughout Arkansas Code, with the new entity succeeding to all powers and responsibilities of the previous division.

• Updates multiple Arkansas Code sections to replace references to "Division of Legislative Audit" with "Arkansas Legislative Audit" to ensure consistent naming across all relevant statutes.

• Changes the appropriations language in § 10-4-409 from "biennial" to "annual" appropriation for Arkansas Legislative Audit personnel and operating expenses.

• Amends language in § 10-4-403(b)(2), § 10-4-416(d)(1), and § 10-4-417(d)(2) to clarify that certain sections "does not authorize or permit" rather than "shall not be construed as authorizing or permitting" the Legislative Auditor to release confidential information.

• Directs the Arkansas Code Revision Commission to make all necessary changes to effectuate the agency rename and authorizes the Legislative Auditor to revise all interagency documents and financial instruments accordingly.