1. (a) In keeping with the purposes of the Arkansas Water Resources Cost Share Revolving Fund Program (“cost share program”) described in the Introduction, financial assistance may be requested for any project that qualifies as a "water resources development project".

2. (b) For the purposes of the cost share program, "water resources development project" means the construction, acquisition, ownership, replacement, operation, and maintenance of facilities, including land, easements, and works of improvement, for the protection, conservation, preservation, development, utilization, and proper disposal of the state’s water resources and related land resources in order to:

   1. (1) Provide for the people of the state:

      1. (A) Adequate supplies of quality water for municipal, industrial, agricultural, recreational, and domestic purposes;
      2. (B) Water for navigation; and
      3. (C) Access to:

3. (i) The state’s lakes and streams; and

   1. (ii) Parks and other recreational sites along their shores; and
   2. (2) Reclaim, preserve, and protect the state’s land resources and adequately protect the wealth of the state from disastrous floods.

Codification Notes: The introduction mentioned in subsection (a) of this section can be found in a codification note at the beginning of this part.