Ark. Code Ann. § 19-5-986

Arkansas State Parks Trust Fund

Known as the Revenue Stabilization Law

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

Acts 1993, No. 1156, § 1; 1995, No. 1163, § 22; 1999, No. 15, § 3.

(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 fund to be known as the “Arkansas State Parks Trust Fund”, there to be used by the State Parks, Recreation, and Travel Commission as appropriations are available. The commission shall annually expend at least ninety percent (90%) of the funds available for the purpose of development, preservation, and protection of the infrastructure in the existing state parks of Arkansas.

(2) The fund shall consist of severance taxes collected from diamond mining pursuant to § 26-58-107.

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.