New Arkansas law establishes grant program for water and sewer facilities
LITTLE ROCK, Ark. – A new Arkansas law provides state funding for water and sewer treatment facility improvements.
Act 812, formerly House Bill 1681, was passed with bipartisan support by the 95th General Assembly. It authorizes the state to establish a Water and Sewer Treatment Facilities Grant Program to be administered by the Arkansas Natural Resources Commission.
Gov. Sarah Huckabee Sanders announces $66.5 million in funding for Arkansas water projects
The law does not establish the amount funded but instructs the state treasurer, auditor and chief fiscal officer to develop the fund consisting of 'any revenues authorized by law.'
Municipalities will apply to the fund for improvements in their district, and 80% of the fund will be awarded to 'shovel-ready projects' in first and second-class cities, according to the act's language, with 20% for cities and rural areas with less than 1,200 population.
First-class Arkansas cities are classified as having a population above 2,500, with second-class cities at 500 to 2,499 in population.
Arkansas announces $79 million in water project funding
The act includes an emergency clause, meaning it goes into effect the day it was signed by Gov. Sarah Huckabee Sanders, who signed it on April 17.
Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
4 hours ago
- Yahoo
Why Riot Platforms, Inc. (RIOT) Soared On Friday
We recently published a list of . In this article, we are going to take a look at where Riot Platforms, Inc. (NASDAQ:RIOT) stands against other Friday's best-performing stocks. Riot Platforms saw its share prices rise by 9.57 percent on Friday to close at $9.85 apiece, mirroring Bitcoin's rally, supported by its improved production of the cryptocurrency last month. As of writing, Bitcoin's prices are up by 2.78 percent at $104,434.90 apiece, as traders cheered news of better-than-expected employment data. Meanwhile, Riot Platforms, Inc. (NASDAQ:RIOT) announced earlier this week that it was able to mine 514 Bitcoins last month, or 11 percent higher than the 463 produced in April, and by 139 percent as compared with the 215 Bitcoins in the same month last year. A computer engineer working in a futuristic office, programming algorithms to mine cryptocurrency. The company said the higher Bitcoin production was supported by an increased hash rate of 35.4 EH/s. Bitcoin mining aside, Riot Platforms, Inc. (NASDAQ:RIOT) said it recently acquired 355 acres of land near its Corsicana site, intended for the development of data centers to serve high-performance compute, which typically require larger footprints than bitcoin mining to utilize the same power capacity. 'We will continue to look to strategically add additional land parcels to ensure that our Corsicana site is ideally suited to support designs for data centers that serve the needs of hyperscale and enterprise tenants,' said Riot Platforms, Inc. (NASDAQ:RIOT) CEO Jason Les. Overall, RIOT ranks 8th on our list of Friday's best-performing stocks. While we acknowledge the potential of RIOT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
4 hours ago
- Yahoo
Why Recursion Pharmaceuticals (RXRX) Soared On Friday
We recently published a list of . In this article, we are going to take a look at where Recursion Pharmaceuticals, Inc. (NASDAQ:RXRX) stands against other Friday's best-performing stocks. Recursion Pharmaceuticals grew its share prices by 20.13 percent on Friday to close at $5.49 apiece following the unveiling of Boltz-2, touted as the next-generation AI model to predict binding affinity. According to Recursion Pharmaceuticals, Inc. (NASDAQ:RXRX), the new model is powered by its NVIDIA supercomputer for its training and validation, and represents the next step beyond existing biomolecular structure prediction models like AlphaFold3 and its predecessor, Boltz-1. A pharmacist in a hospital pharmacy stands next to a row of various drug containers. 'Selecting the right molecules early is one of the most fundamental challenges in drug discovery, with implications for whether R&D programs succeed or fail,' said Recursion Pharmaceuticals, Inc. (NASDAQ:RXRX) Chief Commercial Officer Najat Khan. 'By predicting both molecular structure and binding affinity simultaneously with unprecedented speed and scale, Boltz-2 gives R&D teams a powerful tool to triage more effectively and focus resources on the most promising compounds. Collaborations like this, bridging academic innovation and industry application, play an important role in advancing the field and, ultimately, improving how we develop and deliver medicines for patients,' she added. Overall, RXRX ranks 2nd on our list of Friday's best-performing stocks. While we acknowledge the potential of RXRX as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
4 hours ago
- Yahoo
Why QXO, Inc. (QXO) Soared On Friday
We recently published a list of . In this article, we are going to take a look at where QXO, Inc. (NYSE:QXO) stands against other Friday's best-performing stocks. QXO Inc. surged by 13.43 percent to close at $19 apiece as investors snapped up shares following a bullish rating and higher price target from an investment firm. In its market note, Wolfe Research gave QXO, Inc. (NYSE:QXO) an 'outperform' rating with a price target of $44, representing a 131-percent upside from the company's last closing price. A close-up of a construction worker installing an electrochromic glass panel, showing the company's focus on modern building products. According to Wolfe Research, QXO, Inc. (NYSE:QXO) offers an exceptional organic EBITDA growth and a distinct opportunity to generate value through acquisitions. Wolfe Research also believed that QXO, Inc. (NYSE:QXO) is capable of doubling its organic EBITDA within the next five years, supported by its use of data-driven and technology-centric strategies. In April this year, QXO, Inc. (NYSE:QXO) completed its acquisition of Beacon Roofing Supply, Inc. for $11 billion. The acquisition made the former the largest publicly traded distributor of roofing, waterproofing, and related building materials in the US. Overall, QXO ranks 5th on our list of Friday's best-performing stocks. While we acknowledge the potential of QXO as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
