Ark. Code § 8-15-118

Current with legislation from 2024 Fiscal and Special Sessions.
Section 8-15-118 - Revolving fund
(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.

Ark. Code § 8-15-118

Amended by Act 2015, No. 1162,§ 9, eff. 7/22/2015.
Added by Act 2013, No. 1074,§ 1, eff. 8/16/2013.