(a) There is established on the books of the Treasurer of State, the Auditor of State, and the Chief Fiscal Officer of the State a fund to be known as the "Computer and Electronic Recycling Fund".
(b) The fund shall be administered by the Arkansas Department of Environmental Quality and may be used to:
(1) Promote market research and development grants to determine the most efficient means of collecting, transporting, and processing scrap electronic equipment;
(2) Work with the Department of Finance and Administration and the Marketing and Redistribution Section of the Office of State Procurement of the Department of Finance and Administration to establish statewide contracts for computer and electronics recycling and demanufacturing businesses; and
(3) Support and fund other measures necessary to implement and promote the recycling, donation, demanufacturing, or disposal options for computers and electronic equipment.
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