(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 “Environmental Settlement Trust Fund”.
(b) The fund shall consist of:(1) Moneys received by the State of Arkansas pursuant to settlement agreements for environmental or natural resources damages;(2) Interest earnings; and(3) Any other moneys designated to be deposited into the fund.
(1) Moneys received by the State of Arkansas pursuant to settlement agreements for environmental or natural resources damages;
(2) Interest earnings; and
(3) Any other moneys designated to be deposited into the fund.
(c) The fund shall be administered by the Director of the Division of Environmental Quality.