The bill proposes the repeal of the Small Business Revolving Loan Fund for Pollution Control and Prevention Technologies Act, effectively eliminating the associated subchapter from Arkansas law. This includes the removal of provisions that authorized the Division of Environmental Quality to establish and manage a revolving loan fund aimed at encouraging investments in pollution control and prevention technologies for small businesses. The bill specifically deletes all references to the fund's purpose, definitions, eligible activities, and administration, thereby ceasing its operations and any related financial activities.
Additionally, the bill repeals Arkansas Code 19-5-1105, which established the Small Business Revolving Loan Fund on the books of the state’s financial officers. This deletion encompasses the fund's structure, sources of funding, and its intended use for supporting projects that comply with environmental regulations. By repealing these provisions, the bill effectively discontinues the financial support mechanism that was previously available to small businesses for environmental compliance and sustainability initiatives.