Arkansas Statutes
§ 8-15-118 — Revolving fund
Arkansas·Title 8
(a)A property assessed energy improvement district may maintain a revolving fund to be held in trust by a banking institution chosen by the board of directors of the district separate from any other funds and administered by the board.
(b)A district may transfer into its revolving fund money from any permissible source, including:
(1)Bond revenues;
(2)Contributions; and (3) Loans.
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Legislative History
Amended by Act 2015, No. 1162,§ 9, eff. 7/22/2015. Added by Act 2013, No. 1074,§ 1, eff. 8/16/2013.
Nearby Sections
15
§ 8-1-101
Purpose§ 8-1-102
Definitions§ 8-1-103
Powers and duties§ 8-1-104
Existing rules§ 8-1-108
Investments§ 8-1-201
Legislative intent§ 8-1-204
Administrative law judge§ 8-1-205
§ 8-1-205