(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 “Natural Resources Damages Trust Fund”.
(b) The fund shall consist of:(1) Payments to the State of Arkansas for restoration, rehabilitation, replacement, or acquisition of natural resources;(2) Gifts;(3) Donations;(4) Federal funds;(5) Interest income; and(6) Any other funds that may be made available by the General Assembly.
(1) Payments to the State of Arkansas for restoration, rehabilitation, replacement, or acquisition of natural resources;
(2) Gifts;
(3) Donations;
(4) Federal funds;
(5) Interest income; and
(6) Any other funds that may be made available by the General Assembly.
(c) The fund shall be used for natural resource restoration, rehabilitation, replacement, or acquisition, as authorized by the Natural Resources Damages Advisory Board, contingent upon any order of a court of appropriate jurisdiction and conditions contained in gifts or donations, as may be provided by law.