A special fund entitled the “Water, Sewer, and Solid Waste Systems Revolving Fund” is created to provide a depository for funds which may be appropriated or otherwise secured for the purposes of matching or supplementing federal grants and loans. The Water, Sewer, and Solid Waste Systems Revolving Fund shall be used to provide low interest loans to cities, towns, counties, and other eligible applicants. Funds from the repayment of loans made from the Water, Sewer, and Solid Waste Systems Revolving Fund shall return to the Water, Sewer, and Solid Waste Systems Revolving Fund and shall be reloaned in a manner which is consistent with the purposes of this section.
Ark. Code Ann. § 19-5-310
Water, Sewer, and Solid Waste Systems Revolving Fund
Known as the Revenue Stabilization Law
The act spans §§ 19–19 (376 sections).
Acts 1981, No. 755, § 19; A.S.A. 1947, § 13-523.6.
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.