The Arkansas Natural Resources Commission may use the moneys in the Arkansas Water Development Fund for the following purposes:
(1) For the voluntary acquisition of land suitable for use in mitigation banks;
(2) To pay for costs incurred for alterations needed to create, restore, or enhance aquatic resources areas for purposes of carrying out the provisions of this subchapter;
(3) For payment of administrative, research, or scientific monitoring expenses of the commission in carrying out the provisions of this subchapter;
(4) To repay financial assistance received from state financial assistance programs, including interest and applicable fees, used for the purposes of carrying out the intent of this subchapter; and
(5) Any other purpose related to wetland, stream, deep water aquatic habitat, or aquatic resources creation or restoration.
Structure Arkansas Code
Title 15 - Natural Resources and Economic Development
Subtitle 2 - Land and Water Resources Generally
Subchapter 10 - Arkansas Wetlands Mitigation Bank Act
§ 15-22-1002. Policy statement
§ 15-22-1004. Mitigation banks — Acquisition and protection
§ 15-22-1005. Program for mitigation banks — Program criteria
§ 15-22-1007. Monitoring activities in mitigation banks — Reports