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Ark. Code Ann. § 15-5-905

Federal grants deposited into fund

Acts 1991, No. 718, §§ 1, 2; 1993, No. 833, § 4; 2003, No. 548, § 2; 2009, No. 458, § 5.

(1) The Arkansas Natural Resources Commission and the Arkansas Development Finance Authority may accept moneys for deposit into the Construction Assistance Revolving Loan Fund from allocations from the Treasurer of State under this section.

(2) Notwithstanding the provisions of §§ 19-6-108 and 19-6-601, grants received by the Treasurer of State from the federal government for deposit into the fund are declared to be cash funds restricted in their use and dedicated and are to be used solely as authorized in this subchapter.

Current official text: Arkansas General Assembly. Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Arkansas statutes; confirm against the official source for the current text. Not legal advice.