(a) The Arkansas Natural Resources Commission and the Arkansas Development Finance Authority may accept moneys for deposit into the Construction Assistance Revolving Loan Fund from allocations from the Treasurer of State under this section.
(b) Notwithstanding the provisions of §§ 19-6-108 and 19-6-601, grants received by the Treasurer of State from the federal government for deposit into the fund are declared to be cash funds restricted in their use and dedicated and are to be used solely as authorized in this subchapter.
Structure Arkansas Code
Title 15 - Natural Resources and Economic Development
Subtitle 1 - Development Of Economic And Natural Resources Generally
Chapter 5 - Arkansas Development Finance Authority
Subchapter 9 - Construction Assistance Revolving Loans
§ 15-5-901. Fund — Establishment — Uses — Accounts
§ 15-5-902. Fund — Administration
§ 15-5-903. Fund — Grants — Deposits — Cash funds
§ 15-5-904. Fees for technical and administrative services
§ 15-5-905. Federal grants deposited into fund
§ 15-5-906. Security for bonds
§ 15-5-907. Substitution of loans — Forgiveness of principal