§ 15-22-1301 — Water resources - Bonds

The Arkansas Natural Resources Commission may issue revenue bonds from time to time whether or not the interest on the bonds is subject to federal income taxation to provide: (1) Funds for the: (A) Construction Assistance Revolving Loan Fund established by § 15-5-901 ; (B) Safe Drinking Water Fund established by § 15-22-1102 ; (C) Arkansas Water Development Fund established by § 15-22-507 ; (D) Water, Sewer, and Solid Waste Systems Revolving Fund established by § 19-5-310 ; and (E) Arkansas Water Resources Cost Share Revolving Fund established by § 15-22-808 ; and (2) Financing all or a portion of the costs of: (A) Water systems; (B) Wastewater systems; (C) Solid and hazardous waste facilities; (D) Recycling facilities; (E) Nonpoint source pollution management programs; (F) Wetland conservation and management plans; (G) Irrigation systems; (H) Flood control and drainage systems; (I) Water conservation projects and facilities; (J) Navigation systems, including port facilities; (K) Land and water reclamation projects; and (L) Other environmental or water development projects.

Legislative History

Acts 2003, No. 598, § 1.