Current as of January 01, 2020 | Updated by FindLaw Staff
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(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 special revenue fund to be known as the “Division of Aeronautics Fund”.
(b) The fund shall consist of those special revenues as specified in § 19-6-301(17).
(c) The fund shall be used by the Division of Aeronautics for:
(1) Distributing grants-in-aid to qualifying airports of the state as authorized by law;
(2) Distributing grants to qualifying applicants as determined by the Director of the Division of Aeronautics and the Aeronautics Commission for any purpose related to:
(A) The development of aeronautics;
(B) The promotion of aeronautics; or
(C) Aviation education;
(3) The maintenance, operation, and improvement required in carrying out the functions, powers, and duties set out in § 27-114-101 et seq.; or
(4) Carrying out other duties imposed by law upon the division, including without limitation the duties set out in § 27-115-110.
Cite this article: FindLaw.com - Arkansas Code Title 19. Public Finance § 19-6-402. Division of Aeronautics Fund - last updated January 01, 2020 | https://codes.findlaw.com/ar/title-19-public-finance/ar-code-sect-19-6-402/
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