- (a) State-issued general obligation bonds are vital to finance and refinance the development of water; waste disposal; pollution control, abatement, and prevention; drainage, irrigation, flood control, wetlands, and aquatic resources projects to serve the citizens of the State of Arkansas.
- (b) As current bond authorization is exhausted, the Arkansas Natural Resources Commission will pursue authorization of an additional three hundred million dollars ($300,000,000) under the Water, Waste Disposal, and Pollution Abatement Facilities General Obligation Bond Program.
- (c) Additional bond authorization will be requested as needed to finance and refinance the development of water resources projects.
- (d) The commission will seek the authority to merge water or sewer systems where necessary in order to bring them into economic viability.