Arkansas § 15-23-806 Ouachita River Waterways Project Trust Fund

Arkansas Statutes

§ 15-23-806 — Ouachita River Waterways Project Trust Fund

(a)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 "Ouachita River Waterways Project Trust Fund".

(b)This fund shall consist of those moneys approved by the General Assembly and the interest income earned from the investment of funds accruing to the fund.

(c)(1) The fund may be used for such purposes as may be authorized by law, including, but not limited to, wildlife and recreation purposes and bank stabilization.

(2)The funds shall not be used for bend cuts or bend widenings.

(d)(1) Investment of the funds available shall be by the Treasurer of State in such amounts and in such manner as may be directed by the Ouachita River Commission.

(2)In no event, however, shall the fun

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(a) 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 "Ouachita River Waterways Project Trust Fund". (b) This fund shall consist of those moneys approved by the General Assembly and the interest income earned from the investment of funds accruing to the fund. (c) (1) The fund may be used for such purposes as may be authorized by law, including, but not limited to, wildlife and recreation purposes and bank stabilization. (2) The funds shall not be used for bend cuts or bend widenings. (d) (1) Investment of the funds available shall be by the Treasurer of State in such amounts and in such manner as may be directed by the Ouachita River Commission. (2) In no event, however, shall the funds be invested for longer than a continuous two-year period.

Arkansas § 15-23-806 (Ouachita River Waterways Project Trust Fund) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.