Ark. Code § 15-22-1301

Current with legislation from 2024 effective through May 3, 2024.

Section 15-22-1301 - Water resources - Bonds

The Arkansas Natural Resources Commission may issue revenue bonds from time to time whether or not the interest on the bonds is subject to federal income taxation to provide:

(1) Funds for the:

(A) Construction Assistance Revolving Loan Fund established by § 15-5-901;

(B) Safe Drinking Water Fund established by § 15-22-1102;

(C) Arkansas Water Development Fund established by § 15-22-507;

(D) Water, Sewer, and Solid Waste Systems Revolving Fund established by § 19-5-310; and

(E) Arkansas Water Resources Cost Share Revolving Fund established by § 15-22-808; and

(2) Financing all or a portion of the costs of:

(A) Water systems;

(B) Wastewater systems;

(C) Solid and hazardous waste facilities;

(D) Recycling facilities;

(E) Nonpoint source pollution management programs;

(F) Wetland conservation and management plans;

(G) Irrigation systems;

(H) Flood control and drainage systems;

(I) Water conservation projects and facilities;

(J) Navigation systems, including port facilities;

(K) Land and water reclamation projects; and

(L) Other environmental or water development projects.

Ark. Code § 15-22-1301

Acts 2003, No. 598, § 1.