Arkansas Statutes

§ 8-15-118 — Revolving fund

Arkansas § 8-15-118

This text of Arkansas § 8-15-118 (Revolving fund) is published on Counsel Stack Legal Research, covering Arkansas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Ark. Code Ann. § 8-15-118 (2026).

Text

(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
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Bluebook (online)
Arkansas § 8-15-118, Counsel Stack Legal Research, https://law.counselstack.com/statute/ar/8-15-118.