(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.
Structure Arkansas Code
Chapter 15 - Property Assessed Clean Energy Act
§ 8-15-103. Legislative findings
§ 8-15-105. Authority to create
§ 8-15-106. Membership in an existing district
§ 8-15-107. Board of directors
§ 8-15-108. Membership on the board of directors
§ 8-15-109. Terms of directors
§ 8-15-110. District boards of directors — Meetings
§ 8-15-111. District boards of directors — Powers and duties
§ 8-15-112. Reporting requirement — Collection of assessments
§ 8-15-113. Financing projects
§ 8-15-114. Program guidelines