Water Performance Bond Fund

Ark. Code Ann. § 19-26-314 — under Trust Funds.

Ark. Code Ann. § 19-26-314

(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.

(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.

(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.