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Current as of March 28, 2024 | Updated by Findlaw Staff
The Arkansas Natural Resources Commission may issue revenue bonds from time to time whether or not the interest on the bonds is subject to federal income taxation to provide:
(1) Funds for the:
(A) Construction Assistance Revolving Loan Fund established by § 15-5-901;
(B) Safe Drinking Water Fund established by § 15-22-1102;
(C) Arkansas Water Development Fund established by § 15-22-507;
(D) Water, Sewer, and Solid Waste Systems Revolving Fund established by § 19-5-310; and
(E) Arkansas Water Resources Cost Share Revolving Fund established by § 15-22-808; and
(2) Financing all or a portion of the costs of:
(A) Water systems;
(B) Wastewater systems;
(C) Solid and hazardous waste facilities;
(D) Recycling facilities;
(E) Nonpoint source pollution management programs;
(F) Wetland conservation and management plans;
(G) Irrigation systems;
(H) Flood control and drainage systems;
(I) Water conservation projects and facilities;
(J) Navigation systems, including port facilities;
(K) Land and water reclamation projects; and
(L) Other environmental or water development projects.
Cite this article: FindLaw.com - Arkansas Code Title 15. Natural Resources and Economic Development § 15-22-1301. Water resources--Bonds - last updated March 28, 2024 | https://codes.findlaw.com/ar/title-15-natural-resources-and-economic-development/ar-code-sect-15-22-1301/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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