(a) There is hereby created and established a Natural Resources Damages Advisory Board.
(b) The board shall be composed of seven (7) members:
(1) One (1) member shall be a representative from the Arkansas Farm Bureau Federation;
(2) One (1) member shall be a representative from the Arkansas Natural Resources Commission;
(3) One (1) member shall be a representative from the Arkansas Forestry Commission;
(4) One (1) member shall be a representative from the Division of Environmental Quality;
(5) One (1) member shall be a representative from the Arkansas State Game and Fish Commission;
(6) One (1) member shall be a representative of the Division of Arkansas Heritage; and
(7) One (1) member shall be a representative of the Attorney General's office.
(c) Members of the board shall serve without compensation.
(d) The board shall have the following powers and duties:
(1) To develop projects for the restoration, rehabilitation, replacement, and acquisition of natural resources;
(2) To request proposals for natural resource-related projects;
(3) To review and evaluate proposals for natural resource-related projects;
(4) To select projects for the restoration, rehabilitation, replacement, and acquisition of natural resources; and
(5) To approve payments from the Natural Resources Damages Trust Fund for projects and other activities relating to the restoration, rehabilitation, replacement, and acquisition of natural resources.