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15-5-1202. Purpose.
Arkansas Code — all titles (historical 2020) · legal_authorities
15-5-1202. Purpose.
The purpose of this subchapter is to provide for the benefit of the public an additional method for financing remediation costs and costs of compensating tank owners or operators for third-party claims from the Petroleum Storage Tank Trust Fund. This financing program is made available on terms and conditions prescribed by this subchapter, and it is found and determined that this subchapter is in furtherance of a public purpose and that the duties imposed upon the Arkansas Development Finance Authority in this subchapter are in furtherance of the conservation of the environment and for the protection of the public health, welfare, and safety.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 15-5-1202
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.
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Record provenance
Stable record: arkansas_code:legal_authorities:15-5-1202
Source file: gov.ar.code.title.15.odt
Pages: Not recorded – Not recorded
Passage SHA-256: d0f3cc15a2243db9f960d6a41e7f34cb2006b13410716ce0119dd12f11e53167
Source location: content.xml paragraph 8986
Stored source content
15-5-1202. Purpose.
The purpose of this subchapter is to provide for the benefit of the public an additional method for financing remediation costs and costs of compensating tank owners or operators for third-party claims from the Petroleum Storage Tank Trust Fund. This financing program is made available on terms and conditions prescribed by this subchapter, and it is found and determined that this subchapter is in furtherance of a public purpose and that the duties imposed upon the Arkansas Development Finance Authority in this subchapter are in furtherance of the conservation of the environment and for the protection of the public health, welfare, and safety.
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