Ark. Code Ann. § 19-5-709

Loans

Known as the Revenue Stabilization Law

The act spans §§ 19–19 (376 sections).

Acts 1977, No. 608, § 6; A.S.A. 1947, § 13-554.5; Acts 2019, No. 910, § 483.

(1) In the event that the Unemployment Compensation Revolving Fund does not have sufficient funds available from contributions by state agencies to make reimbursement to the Division of Workforce Services for benefits paid, loans may be made from the Budget Stabilization Trust Fund to make such payments.

(2) Any loans made to the Unemployment Compensation Revolving Fund shall be repaid by June 30 of the first fiscal year after the fiscal year in which such loans were made.

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.