The Arkansas Public Service Commission shall grant to any person or corporation the right to take and use such power described in this subchapter under the condition that every person or corporation taking and using the power shall pay an annual rental into the State Treasury for the benefit and use of the General Revenue Fund Account of the State Apportionment Fund. This annual rental shall be equal to the rental charged by the Federal Energy Regulatory Commission on such horsepower under its regulations in force at the time the permit is granted by the state. However, if the waterpower is taxable by the federal government under license granted by the Federal Energy Regulatory Commission, no further rental shall be assessed by the Arkansas Public Service Commission.
Structure Arkansas Code
Title 23 - Public Utilities and Regulated Industries
Subtitle 1 - Public Utilities And Carriers
Chapter 18 - Light, Heat, And Power Utilities
Subchapter 4 - Waterpower Companies
§ 23-18-401. Waterpower a part of public domain
§ 23-18-402. Erection of dams to develop electric power
§ 23-18-403. Application for permit to use power — Compensation
§ 23-18-404. Limitation on time to begin work — Time allowed to coincide with federal licenses
§ 23-18-405. Damages for land taken — Assessment by court
§ 23-18-406. Eminent domain generally
§ 23-18-407. Eminent domain — Railroad in connection with use or construction of dam
§ 23-18-408. Power for public use — Sale to private parties
§ 23-18-409. Terms and conditions for use of power — Rental — Exception
§ 23-18-410. Tax on power used exclusively for taker's purposes