(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.
(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.
Structure Arkansas Code
Chapter 5 - Revenue Stabilization Law
Subchapter 11 - Trust Funds Continued
§ 19-5-1102. Performance Partnership Trust Fund
§ 19-5-1103. Property Tax Relief Trust Fund. [Effective until July 1, 2017.]
§ 19-5-1103. Property Tax Relief Trust Fund. [Effective July 1, 2017.]
§ 19-5-1104. Arkansas Disaster Relief Program Trust Fund
§ 19-5-1105. Small Business Revolving Loan Fund
§ 19-5-1106. State Insurance Department Prepaid Trust Fund
§ 19-5-1107. Natural Resources Damages Trust Fund
§ 19-5-1108. Water, Waste Disposal, and Pollution Abatement General Obligation Bond Fund
§ 19-5-1109. Ouachita River Waterways Project Trust Fund
§ 19-5-1111. Environmental Settlement Trust Fund
§ 19-5-1112. Geographic Information Systems Fund
§ 19-5-1113. Policemen's Pension Supplement Program Fund
§ 19-5-1114. Arkansas Construction Industry Craft Training Trust Fund
§ 19-5-1115. Arkansas Healthy Century Trust Fund
§ 19-5-1116. Tobacco Settlement Program Fund
§ 19-5-1117. Arkansas Tobacco Settlement Commission Fund
§ 19-5-1118. Prevention and Cessation Program Account
§ 19-5-1119. Targeted State Needs Program Account
§ 19-5-1120. Arkansas Biosciences Institute Program Account
§ 19-5-1121. Medicaid Expansion Program Account
§ 19-5-1122. Juvenile Accountability Incentive Block Grant Trust Fund
§ 19-5-1123. Baby Sharon's Children's Catastrophic Illness Grant Program Trust Fund
§ 19-5-1125. Arkansas Capitol Grounds Monument and Memorial Preservation Fund — Definitions
§ 19-5-1126. Arkansas Public Transit Trust Fund
§ 19-5-1127. Military Family Relief Trust Fund
§ 19-5-1128. Arkansas Multi-Agency Insurance Trust Fund
§ 19-5-1129. Organ Donor Awareness Education Trust Fund
§ 19-5-1130. Economic Development Superprojects Project Fund
§ 19-5-1131. Division of Workforce Services Training Trust Fund
§ 19-5-1134. Public School Insurance Trust Fund
§ 19-5-1135. Arkansas Fair Housing Commission Trust Fund
§ 19-5-1136. Animal Rescue and Shelter Trust Fund — Definition
§ 19-5-1137. Division of Environmental Quality Fee Trust Fund
§ 19-5-1138. Lottery Trust Fund
§ 19-5-1140. Water Performance Bond Fund
§ 19-5-1142. Nonmunicipal Domestic Sewage Treatment Works Trust Fund
§ 19-5-1143. Social Innovation Fund
§ 19-5-1144. Accountability Court Fund
§ 19-5-1145. Arkansas Healthcare Transparency Initiative Fund
§ 19-5-1146. Arkansas Works Program Trust Fund
§ 19-5-1147. Gold Star Family Memorial Monument Fund
§ 19-5-1148. Used Tire Recycling Fund
§ 19-5-1149. National Statuary Hall Collection Trust Fund
§ 19-5-1150. Arkansas Major Historic Rehabilitation Trust Fund
§ 19-5-1152. Arkansas Public Safety Trust Fund
§ 19-5-1153. Arkansas Firefighter Cancer Relief Network Trust Fund
§ 19-5-1154. Rural Broadband I.D. Expenses Trust Fund — Creation — Purpose — Definitions