§ 20-21-219 - Storage of radioactive wastes. - Arkansas Statutes

20-21-219. Storage of radioactive wastes.

(a) The operation or administration of any sites acquired under this subchapter for the concentration and storage of radioactive wastes and byproducts shall be under the direct supervision of the State Radiation Control Agency and shall be in accordance with the regulations promulgated and enforced by that agency to protect the public health and safety.

(b) The agency may lease or license such lands, buildings, and grounds as it may acquire under this subchapter for the purpose of operating sites for the concentration and storage of radioactive wastes and by-products.

(c) The State Board of Health may enter into contracts as may be necessary for carrying out the provisions of this subchapter.

(d) (1) To finance the custody, control, and maintenance of such sites as the agency may undertake, the agency may collect fees from private or public parties holding radioactive material for custodial purposes. The fees shall be sufficient in each individual case to defray the estimated cost of the agency's custodial management activities for that individual case.

(2) All fees shall be placed in a special account, in the nature of a revolving trust fund and which may be designated the "Perpetual Maintenance Fund".

(3) The fees shall be received, disbursed, and accounted for by using generally accepted accounting principles.

(4) Moneys in the fund may be invested in United States bonds and treasury bills or in such other securities as may be approved by the agency and the Treasurer of State.