A special fund entitled the “Water, Sewer, and Solid Waste Systems Revolving Fund” is created to provide a depository for funds which may be appropriated or otherwise secured for the purposes of matching or supplementing federal grants and loans. The Water, Sewer, and Solid Waste Systems Revolving Fund shall be used to provide low interest loans to cities, towns, counties, and other eligible applicants. Funds from the repayment of loans made from the Water, Sewer, and Solid Waste Systems Revolving Fund shall return to the Water, Sewer, and Solid Waste Systems Revolving Fund and shall be reloaned in a manner which is consistent with the purposes of this section.
Structure Arkansas Code
Chapter 5 - Revenue Stabilization Law
Subchapter 3 - General Revenue Operating Funds and Fund Accounts
§ 19-5-301. Funds and fund accounts — Generally
§ 19-5-302. State General Government Fund
§ 19-5-303. Institutions of higher education funds
§ 19-5-305. Public School Fund
§ 19-5-306. Department of Human Services Fund
§ 19-5-307. Public Health Fund
§ 19-5-310. Water, Sewer, and Solid Waste Systems Revolving Fund