15-22-1004. Mitigation banks — Acquisition and protection.

Arkansas Code — all titles (historical 2020) · legal_authorities

15-22-1004. Mitigation banks — Acquisition and protection.

15-22-1004. Mitigation banks — Acquisition and protection. The Arkansas Natural Resources Commission or the commission's designee, in consultation with the Wetlands Technical Advisory Committee, may: (1) Set a sales price for credits in the mitigation bank on behalf of the commission; (2) Acquire or accept title, including easements, from willing sellers or donors to approved lands, in the name of the commission, suitable for use in mitigation banks; (3) Pay costs incurred for alterations needed to create or restore aquatic resources areas for purposes of carrying out the provisions of this subchapter; (4) Authorize payment of administrative, research, or scientific monitoring expenses of the commission in carrying out the provisions of this subchapter; (5) Receive funds from whatever source for the voluntary acquisition of a mitigation bank and interests therein; (6) Enter into contracts with state and federal agencies, nonprofit corporations, or other persons for the management of mitigation bank properties; and (7)(A) Upon satisfactory establishment of a functioning aquatic resources site, convey mitigation bank properties to other appropriate state agencies for management. (B) The commission shall reserve such interest in the mitigation bank property as necessary to protect the aquatic resources function and values.

Source: Arkansas Code — historical release 78 (November 6, 2020) · 15-22-1004

Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. A text match is a research starting point; applicability is not established.