Ark. Code § 19-5-1140

Current with legislation from 2024 Fiscal and Special Sessions.
Section 19-5-1140 - Water Performance Bond Fund
(a) There is created on the books of the Treasurer of State, the Auditor of State, and the Chief Fiscal Officer of the State a trust fund to be known as the "Water Performance Bond Fund".
(b) The fund shall consist of the following:
(1) Funds appropriated by the General Assembly;
(2) All forfeitures collected under § 8-4-201 et seq.;
(3) Grants made by a person or the United States Government;
(4) Gifts and donations; and
(5) Interest earned on the moneys deposited into the fund.
(c) The fund shall be used by the Division of Environmental Quality to hire a third-party contractor to:
(1) Take remedial action, including without limitation corrective action, the closure of a nonmunicipal domestic sewage treatment works, and any other action the Director of the Division of Environmental Quality determines to be necessary; or
(2) Maintain and operate a nonmunicipal domestic sewage treatment works.

Ark. Code § 19-5-1140

Amended by Act 2019, No. 910,§ 3199, eff. 7/1/2019.
Amended by Act 2017, No. 263,§ 3, eff. 8/1/2017.
Added by Act 2013, No. 402,§ 3, eff. 8/16/2013.