{"data":{"id":"us-ar/ark.-code-ann.-8-15-103","jurisdiction":"us-ar","citation":"Ark. Code Ann. § 8-15-103","heading":"Legislative findings","body":"The General Assembly finds that: (1) It is in the best interests of the state to authorize property assessed energy improvement districts that make available to citizens one (1) or more financing programs, including without limitation a PACE program, to fund energy efficiency improvements, renewable energy projects, and water conservation improvements on residential, commercial, industrial, and other real properties at the request of the owner; (2) The programs described in subdivision (1) of this section will benefit the citizens of this state by: (A) Decreasing the cost of providing funds to participating citizens and lowering the aggregate issuance and servicing costs of loans; and (B) Making funds available to rural communities throughout the state that might not otherwise create and finance the programs described in subdivision (1) of this section; and (3) The programs described in subdivision (1) of this section will further the public purpose of: (A) Creating jobs and stimulating the state's economy; (B) Generating significant economic development through the investment of the proceeds of loans in local communities, including increased sales tax revenue; (C) Protecting participating citizens from the financial impact of the rising cost of electricity produced from nonrenewable fuels; (D) Providing positive cash flow in which the costs of the improvements are lower than the energy savings on an average monthly basis; (E) Providing the citizens of this state with informed choices and additional options for financing improvements that may not otherwise be available; (F) Increasing the value of the improved real property for participating citizens; (G) Improving the state's air quality and conserving natural resources, including water; (H) Attracting manufacturing facilities and related jobs to the state; and (I) Promoting energy independence and security for the state and the nation. Added by Act 2013, No. 1074,§ 1, eff. 8/16/2013.\n\nThe General Assembly finds that:\n\n(1) It is in the best interests of the state to authorize property assessed energy improvement districts that make available to citizens one (1) or more financing programs, including without limitation a PACE program, to fund energy efficiency improvements, renewable energy projects, and water conservation improvements on residential, commercial, industrial, and other real properties at the request of the owner;\n\n(2) The programs described in subdivision (1) of this section will benefit the citizens of this state by: (A) Decreasing the cost of providing funds to participating citizens and lowering the aggregate issuance and servicing costs of loans; and (B) Making funds available to rural communities throughout the state that might not otherwise create and finance the programs described in subdivision (1) of this section; and\n\n(A) Decreasing the cost of providing funds to participating citizens and lowering the aggregate issuance and servicing costs of loans; and\n\n(B) Making funds available to rural communities throughout the state that might not otherwise create and finance the programs described in subdivision (1) of this section; and\ne create and finance the programs described in subdivision (1) of this section; and\n\n(A) Decreasing the cost of providing funds to participating citizens and lowering the aggregate issuance and servicing costs of loans; and\n\n(B) Making funds available to rural communities throughout the state that might not otherwise create and finance the programs described in subdivision (1) of this section; and\n\n(3) The programs described in subdivision (1) of this section will further the public purpose of: (A) Creating jobs and stimulating the state's economy; (B) Generating significant economic development through the investment of the proceeds of loans in local communities, including increased sales tax revenue; (C) Protecting participating citizens from the financial impact of the rising cost of electricity produced from nonrenewable fuels; (D) Providing positive cash flow in which the costs of the improvements are lower than the energy savings on an average monthly basis; (E) Providing the citizens of this state with informed choices and additional options for financing improvements that may not otherwise be available; (F) Increasing the value of the improved real property for participating citizens; (G) Improving the state's air quality and conserving natural resources, including water; (H) Attracting manufacturing facilities and related jobs to the state; and (I) Promoting energy independence and security for the state and the nation.\n\n(A) Creating jobs and stimulating the state's economy;\n\n(B) Generating significant economic development through the investment of the proceeds of loans in local communities, including increased sales tax revenue;\n\n(C) Protecting participating citizens from the financial impact of the rising cost of electricity produced from nonrenewable fuels;\n\n(D) Providing positive cash flow in which the costs of the improvements are lower than the energy savings on an average monthly basis;\n\n(E) Providing the citizens of this state with informed choices and additional options for financing improvements that may not otherwise be available;\n\n(F) Increasing the value of the improved real property for participating citizens;\n\n(G) Improving the state's air quality and conserving natural resources, including water;\n\n(H) Attracting manufacturing facilities and related jobs to the state; and\n\n(I) Promoting energy independence and security for the state and the nation.","path":["AR Code","Title 8","Chapter 15"],"source_url":"https://oss-data-us.vaquill.ai/v2026.08/us_ar_statutes.parquet","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:41Z","sha256":"e9af4306af8f58e7ea3bd9faa6d636cfde17d034bbaa7af40a7981b20af096fb","source_id":"us-ar","stale":false,"prev":"us-ar/ark.-code-ann.-8-15-102","next":"us-ar/ark.-code-ann.-8-15-104"},"notice":"GroundRules: Original legal text. Not legal advice."}