Ark. Code Ann. § 19-5-907

Revolving Loan Fund

Known as the Revenue Stabilization Law

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

Acts 1973, No. 750, § 8; A.S.A. 1947, § 13-531; 2019, No. 910, § 2265.

(1) There is established on the books of the Treasurer of State, the Auditor of State, and the Chief Fiscal Officer of the State a trust fund to be known as the “Revolving Loan Fund”.

(2) The fund shall consist of the repayment of moneys loaned or invested through the Revolving Loan Program of the Division of Elementary and Secondary Education.

(3) The fund shall be used for the purpose of making loans to school districts and for investment purposes.

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.