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Panel approves creation of Arkansas River Navigation System Fund to direct excess barge‐related revenues to ports
Summary
Senate Bill 453 would set up a dedicated Arkansas River Navigation System Fund, direct taxes and penalties from river traffic above a threshold into grants for port and waterway improvements, and reserve $50,000 for commission operations; DFA staff said the collections are certified annually and would likely cover the $50,000 in recent years.
The Senate Revenue & Tax Committee approved legislation to create a dedicated Arkansas River Navigation System Fund that would use taxes, penalties and other receipts tied to river traffic to provide grants for ports and waterway improvements.
Senator Eads, the bill sponsor, said SB 453 consolidates prior proposals into one bill allowing the Arkansas River Navigation Commission to implement the fund and…
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