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Ark. Code Ann. § 19-5-927

State Forestry Trust Fund

Known as the Revenue Stabilization Law

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

Acts 1973, No. 750, § 8; 1979, No. 1013, § 7; A.S.A. 1947, § 13-531; Acts 1993, No. 881, § 14; 1997, No. 253, § 2.

(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 “State Forestry Trust Fund”.

(2) The fund shall consist of: Income derived from management of state forests by the Arkansas Forestry Commission to the extent this income is not needed to fund the general operations of the commission; and

(3) Income derived from management of state nurseries by the commission to the extent this income is not needed to fund the general operations of the commission.

(4) The fund shall be used for: The management and improvement of state forests;

(5) Acquisition of state forests;

(6) The purchase of fire fighting equipment and other forest fire suppression activities;

(7) Improvements at commission's nurseries and the seedling storage and distribution system; and

(8) Such other purposes as may be authorized by law.

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.