§ 8-6-1604 - Solid Waste Performance Bond Fund. - Arkansas Statutes

8-6-1604. Solid Waste Performance Bond Fund.

(a) A Solid Waste Performance Bond Fund is hereby established on the books of the Treasurer of State, the Auditor of State, and the Chief Fiscal Officer of the State.

(b) In addition to any moneys appropriated by the General Assembly to the fund, there shall be deposited in the fund all forfeitures collected under this subchapter, federal government moneys designated to enter the fund, any moneys received by the state as a gift or donation to the fund, and all interest earned upon moneys deposited in the fund.

(c) The fund shall be administered by the Arkansas Department of Environmental Quality and will be used to accomplish remedial action, including closure of lands covered by performance bonds forfeited under this subchapter.

(d) Moneys received annually into the fund shall be used by the department for the administration of remedial actions performed as a result of this subchapter.