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Arkansas Code Title 8. Environmental Law § 8-15-118. Revolving fund

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

(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.

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Cite this article: FindLaw.com - Arkansas Code Title 8. Environmental Law § 8-15-118. Revolving fund - last updated March 28, 2024 | https://codes.findlaw.com/ar/title-8-environmental-law/ar-code-sect-8-15-118/

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