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House approves $50M target water infrastructure program using Security Reserve Fund interest
Summary
The House approved legislation creating a 10-year program to direct interest from the Security Reserve Fund toward water and wastewater projects, with allocations split to support larger systems (matching required) and small rural systems (no match required).
House approves $50M target water infrastructure program using Security Reserve Fund interest
Representative Vaught explained House Bill 16-81 to create a state program to help address Arkansas’ water and wastewater infrastructure needs. The sponsor said a 2021 Department of Agriculture survey estimated a state need of $5–9 billion and argued that a near-term program is needed to prevent further system deterioration and lost economic opportunity.
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