Current as of January 01, 2020 | Updated by FindLaw Staff
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(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.
Cite this article: FindLaw.com - Arkansas Code Title 8. Environmental Law § 8-15-118. Revolving fund - last updated January 01, 2020 | https://codes.findlaw.com/ar/title-8-environmental-law/ar-code-sect-8-15-118/
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