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Current as of March 28, 2024 | Updated by FindLaw Staff
(a)(1) The Arkansas Forestry Commission is authorized and empowered to receive any moneys arising from federal means, grants, contributions, gratuities, or reimbursements or contributions, grants, or gratuities donated by private persons or corporations, and all moneys so received shall be deposited into the State Treasury to the credit of the State Forestry Fund unless provision shall have otherwise been made by the respective federal agencies, private persons, or corporations furnishing the funds.
(2) However, in the event the General Assembly fails to appropriate any moneys for the use of the commission or in the event the specified use of any moneys precludes its deposit into the State Treasury, the commission is authorized and empowered to establish accounts in its name in one (1) or more banks and to deposit therein and withdraw therefrom any moneys for the purposes for which granted, donated, or received.
(b) Subject to the provisions of subsection (a) of this section, all moneys set aside in banks for the purposes stated in subdivision (a)(2) of this section shall be credited to the fund in the State Treasury.
Cite this article: FindLaw.com - Arkansas Code Title 15. Natural Resources and Economic Development § 15-31-109. Fund deposits - last updated March 28, 2024 | https://codes.findlaw.com/ar/title-15-natural-resources-and-economic-development/ar-code-sect-15-31-109/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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