Arkansas Statutes
§ 19-5-907 — Revolving Loan Fund
Arkansas·Title 19
(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 "Revolving Loan Fund".
(b)The fund shall consist of the repayment of moneys loaned or invested through the Revolving Loan Program of the Division of Elementary and Secondary Education.
(c)The fund shall be used for the purpose of making loans to school districts and for investment purposes.
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Legislative History
Amended by Act 2019, No. 910,§ 2265, eff. 7/1/2019. Acts 1973, No. 750, § 8; A.S.A. 1947, § 13-531.
Nearby Sections
15
§ 19-1-201
Chief Fiscal Officer of the State§ 19-1-202
Secretary§ 19-1-203
Deputy director§ 19-1-204
Personnel§ 19-1-205
Office§ 19-1-206
Seal§ 19-1-207
General accounting system§ 19-1-208
Rules§ 19-1-209
Publications required§ 19-1-210
Recordkeeping§ 19-1-211
Investigations§ 19-1-212
Duty to avoid deficit§ 19-1-213
Leasing of state property§ 19-1-214
Federal gifts and surplusage