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8-12-103. Natural Resources Damages Trust Fund.
Arkansas Code — all titles (historical 2020) · legal_authorities
8-12-103. Natural Resources Damages Trust Fund.
(a)(1) There is established on the books of the Treasurer of State, the Auditor of State, and the Chief Fiscal Officer of the State a trust fund to be known as the “Natural Resources Damages Trust Fund”.
(2) In addition to all moneys appropriated by the General Assembly to the fund, there shall be deposited into the fund all payments collected by the state for restoration, rehabilitation, replacement, or acquisition of natural resources, any moneys received by the state as a gift or donation to the fund or any federal moneys designated to enter the fund, and all interest earned upon moneys deposited into the fund.
(3) All moneys received into the fund shall be utilized for natural resource restoration, rehabilitation, replacement, or acquisition.
(b) All expenditures from the fund shall be authorized by the Natural Resources Damages Advisory Board according to the provisions of this chapter and the requirements or conditions of any orders, settlement agreements, gifts, or donations.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 8-12-103
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:8-12-103
Source file: gov.ar.code.title.08.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 6cd47ff39b77b1f9006ef4ad301b4b38c145a11a61ee0e8b7f8aec49a6b2cdcb
Source location: content.xml paragraph 10642
Stored source content
8-12-103. Natural Resources Damages Trust Fund.
(a)(1) There is established on the books of the Treasurer of State, the Auditor of State, and the Chief Fiscal Officer of the State a trust fund to be known as the “Natural Resources Damages Trust Fund”.
(2) In addition to all moneys appropriated by the General Assembly to the fund, there shall be deposited into the fund all payments collected by the state for restoration, rehabilitation, replacement, or acquisition of natural resources, any moneys received by the state as a gift or donation to the fund or any federal moneys designated to enter the fund, and all interest earned upon moneys deposited into the fund.
(3) All moneys received into the fund shall be utilized for natural resource restoration, rehabilitation, replacement, or acquisition.
(b) All expenditures from the fund shall be authorized by the Natural Resources Damages Advisory Board according to the provisions of this chapter and the requirements or conditions of any orders, settlement agreements, gifts, or donations.
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