§ 19-5-1059 — Technology Equipment Revolving Loan Fund

Arkansas § 19-5-1059

• Jurisdiction: Arkansas
• Title: 19

Text

(a) There is established a cash fund, as defined by § 19-4-801 , to be known as the "Technology Equipment Revolving Loan Fund". (b) The funds for the Technology Equipment Revolving Loan Fund shall consist of all moneys appropriated for the purpose of the fund, all moneys transferred to the fund pursuant to law, all moneys required by the provisions of this section or any other law to be paid into or credited to the fund, all moneys, including interest, paid by borrowers to the fund in repayment of loans made from the fund, and all moneys given to the fund by interested individuals or entities, and the Technology Equipment Revolving Loan Fund Committee shall be authorized to accept the moneys on behalf of the fund from any source, including federal and state grants. (c) The purpose of the fund shall be to provide qualified individuals with disabilities and their family members with the financial opportunity to purchase or modify equipment, facilities, and related services used by one (1) or more persons with a disability to enhance independence, productivity, and full participation in the community. Expenditures from the fund may include, but are not limited to, communication devices, prostheses, wheelchairs, wheelchair car-lifts, ramps and roll-in showers, and telecommunication devices for persons who are Deaf, deaf, or Hard of Hearing, and devices which allow persons who are blind or visually impaired to discern printed materials. (d) Unexpended moneys contained in the fund at the end of the fiscal year shall be carried forward from year to year.

Legislative History

Amended by Act 2021, No. 84,§ 11, eff. 7/28/2021. Acts 1993, No. 384, §§ 1-3, 5; 1997, No. 815, § 11.