- (a) The Arkansas Natural Resources Commission may charge a reasonable application fee for the processing of tax credit applications.
(b)
- (1) Applicant shall pay to the Department of Agriculture a fee in an amount equal to three percent (3%) of the total tax credit submitted for approval to the commission.
- (2) The minimum fee shall be one hundred dollars ($100).
- (c) All fees shall be paid to the department when an application for tax credit approval is filed.
- (d) When an application is rejected by the Director of the Natural Resources Division of the Department of Agriculture, the full application fee will be refunded.
- (e) All fees collected shall be deposited in the Arkansas Water Development Fund.