(a) The purpose of the Arkansas Natural and Cultural Resources Council shall be to:
- (1) Administer the Arkansas Natural and Cultural Resources Grants and Trust Fund, established by Acts 1987, No. 729, now codified as Arkansas Code §§ 15-12-101 – 15-12-103; and
- (2) Administer and approve all grants payable from the fund, pursuant to Arkansas Code §§ 15-12-101 – 15-12-103.
- (b) The Arkansas Natural and Cultural Resources Grants and Trust Fund is to be managed for the acquisition, management, and stewardship of state-owned lands, or the preservation of state-owned historic sites, buildings, structures, or objects that the council determines to be of value for recreation or conservation purposes, said properties to be used, preserved, and conserved for the benefit of present and future generations.