Revolving fund
Known as the Property Assessed Clean Energy Act
The act spans §§ 8–8 (19 sections).
Acts 2013, No. 1074, § 1; 2015, No. 1162, § 9.
(1) A property assessed energy improvement district may maintain a revolving fund to be held in trust by a banking institution chosen by the board of directors of the district separate from any other funds and administered by the board.
(2) A district may transfer into its revolving fund money from any permissible source, including: Bond revenues;
(3) Contributions; and
(4) Loans.
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.