Water Performance Bond Fund

  1. Law
  2. Arkansas Code
  3. Public Finance
  4. Revenue Stabilization Law
  5. Trust Funds Continued
  6. Water Performance Bond Fund

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  1. (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”.

  2. (b) The fund shall consist of the following:

    1. (1) Funds appropriated by the General Assembly;

    2. (2) All forfeitures collected under § 8-4-201 et seq.;

    3. (3) Grants made by a person or the United States Government;

    4. (4) Gifts and donations; and

    5. (5) Interest earned on the moneys deposited into the fund.

  3. (c) The fund shall be used by the Division of Environmental Quality to hire a third-party contractor to:

    1. (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. (2) Maintain and operate a nonmunicipal domestic sewage treatment works.


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