Arkansas Statutes
§ 27-24-1208 — Use of funds
Arkansas·Title 27
(a)An institution of higher education in the state that receives funds under this subchapter from the design-use contribution fee shall use one hundred percent (100%) of the funds exclusively for academic or need-based scholarships.
(b)Procedures and criteria used to determine the distribution of the scholarships shall be established and followed by the endowment funds of the participating institutions of higher education that distribute the funds derived from the special license plates under this subchapter.
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Legislative History
Acts 2005, No. 2202, § 1.
Nearby Sections
15
§ 27-1-101
Title§ 27-1-102
Legislative intent§ 27-1-103
Definition§ 27-1-105
Rail service - Powers and duties§ 27-1-107
Rules - Reorganization§ 27-101-1001
Title and purpose§ 27-101-1002
Application, exclusions, and limitations§ 27-101-1003
Registration and titling requirements generally§ 27-101-1004
Application for certificate of title§ 27-101-1005
Lost or damaged certificates§ 27-101-1008
Organization of records