§ 8-15-115. Payment by special assessments
The credit and taxing power of the State of Arkansas shall not be pledged for the debt evidenced by the bonds, which are payable solely from the revenues received from the special assessments on the participants’ real property under this chapter.
§ 8-15-116. Bonds
(a) A property assessed energy improvement district may: (1) Issue bonds to provide the PACE program loans authorized by this chapter; and (2) Create a debt reserve fund of legally available moneys from nonstate sources as partial security for the bonds. (b) Bonds issued under this chapter and income from the bonds, including any profit […]
§ 8-15-117. Sale
The bonds may be sold in such a manner, either at public or private sale, and upon such terms as the board of directors of a property assessed energy improvement district shall determine to be reasonable and expedient for effectuating the purposes of this chapter.
§ 8-15-118. Revolving fund
(a) A property assessed energy improvement district may maintain a revolving fund to be held in trust by a banking institution chosen by the board of directors of the district separate from any other funds and administered by the board. (b) A district may transfer into its revolving fund money from any permissible source, including: […]
§ 8-15-119. Notice to mortgage lender
At least thirty (30) days before the execution of an agreement with a property assessed energy improvement district, an owner shall provide written notice to each mortgage lender holding a lien on the owner’s property of the owner’s application to participate in a PACE program.
§ 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 […]
§ 8-15-104. Immunity
(a) The powers and duties of a property assessed energy improvement district conferred by this chapter are public and governmental functions exercised for a public purpose and for matters of public necessity. (b) The district and its personnel are immune from suit in tort for the performance of its duties under this chapter unless immunity […]
§ 8-12-104. Natural Resources Damages Advisory Board
(a) There is hereby created and established a Natural Resources Damages Advisory Board. (b) The board shall be composed of seven (7) members: (1) One (1) member shall be a representative from the Arkansas Farm Bureau Federation; (2) One (1) member shall be a representative from the Arkansas Natural Resources Commission; (3) One (1) member […]
§ 8-12-105. Duties of the Department of Finance and Administration
(a) The Department of Finance and Administration shall administer the Natural Resources Damages Trust Fund, as authorized by the Natural Resources Damages Advisory Board. (b) The department shall undertake the following activities, as authorized by the board: (1) Develop and issue requests for proposals; (2) Award grants for projects relating to natural resource restoration, rehabilitation, […]
§ 8-13-101. Purpose
It is recognized that: (1) The improvement of the environment and the management of environmental concerns within the State of Arkansas are matters of interest to all citizens of this state; (2) Environmental protection and improvement could be enhanced by authorizing the Director of the Division of Environmental Quality to design and establish a management […]