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Ark. Code Ann. § 19-5-1258

Future Transportation Research Fund

Known as the Revenue Stabilization Law

The act spans §§ 19-5-1001 to 19-5-999 (376 sections).

Acts 2017, No. 705, § 2.

(1) There is created on the books of the Treasurer of State, the Auditor of State, and the Chief Fiscal Officer of the State a miscellaneous fund to be known as the “Future Transportation Research Fund”.

(2) The Future Transportation Research Fund shall consist of: If available after the deposit of the funds required under § 14-143-130, interest income received under § 27-70-204 up to a maximum amount of five hundred thousand dollars ($500,000) each year from the State Highway and Transportation Department Fund; and

(3) Any other revenues authorized by law.

(4) The Future Transportation Research Fund shall be used by the Arkansas Department of Transportation for distributing grants under the Transportation-Related Research Grant Program, § 27-65-145.

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.