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Arkansas Code Title 19. Public Finance § 19-5-1285. Sustainable Building Maintenance Program for State-Supported Institutions of Higher Education Revolving Loan Fund

Current as of March 28, 2024 | Updated by Findlaw Staff

(a) There is created on the books of the Treasurer of State, the Auditor of State, and the Chief Fiscal Officer of the State a miscellaneous fund to be known as the “Sustainable Building Maintenance Program for State-Supported Institutions of Higher Education Revolving Loan Fund”.

(b) The Sustainable Building Maintenance Program for State-Supported Institutions of Higher Education Revolving Loan Fund shall consist of:

(1) General revenues authorized by law;

(2) Funds transferred to it from the Development and Enhancement Fund;

(3) Other funds, gifts, bequests, foundation grants and gifts, Governor's Emergency Fund or other emergency funds, federal grants and matching funds, proceeds from bond issues, services charges or fees, and interagency transfers of funds; and

(4) Funds received from state-supported institutions of higher education to repay loans for the Sustainable Building Maintenance Program for State-Supported Institutions of Higher Education, § 6-62-1201 et seq.

(c) The Sustainable Building Maintenance Program for State-Supported Institutions of Higher Education Revolving Loan Fund shall be used to provide loans to state-supported institutions of higher education for the program as authorized under § 6-62-1201 et seq. and approved by the Arkansas Higher Education Coordinating Board.

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Cite this article: FindLaw.com - Arkansas Code Title 19. Public Finance § 19-5-1285. Sustainable Building Maintenance Program for State-Supported Institutions of Higher Education Revolving Loan Fund - last updated March 28, 2024 | https://codes.findlaw.com/ar/title-19-public-finance/ar-code-sect-19-5-1285/

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