The bill amends Arkansas law to empower the Division of Environmental Quality to maintain a delinquent list of businesses that fail to pay wholesalers for petroleum products. It introduces a new section, 4-75-104, which outlines the process for wholesalers to report delinquent payments. Wholesalers must notify the Division in writing within two business days of a payment being due, providing details such as the name and address of the delinquent business, the date of sale, and the amount owed. Upon receiving such reports, the Division will "red-tag" the delinquent businesses, preventing further deliveries of petroleum products until the delinquency is resolved.
Additionally, the bill specifies that delinquent businesses must settle their debts through various payment methods, including cash and certified checks. Wholesalers are required to report any full payments received to the Division by the next business day, which will then remove the "red tag." The bill also allows for disputes regarding the delinquency to be filed by either the delinquent business or the wholesaler, with the Division responsible for reviewing these statements to determine if the "red-tag" should be lifted.