Arkansas Statutes
§ 27-88-115 — Operation and maintenance fund
Arkansas·Title 27
(a)All revenues of the bridge or ferry not required under the provisions of this chapter to be paid into the sinking fund provided in the resolution authorizing the issuance of bonds shall be paid into an operation and maintenance fund and be used by the State Highway Commission in the operation and maintenance of the bridge or ferry.
(b)However, all moneys in any operation and maintenance fund in excess of an amount deemed by the commission sufficient for operation and maintenance for an ensuing period of not less than twelve (12) months shall be paid into the sinking fund.
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Legislative History
Acts 1953, No. 104, § 8; A.S.A. 1947, § 76-624.
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