Ark. Code Ann. § 19-5-1258: Future Transportation Research and Workforce Development Fund

(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 "Future Transportation Research and Workforce Development Fund". (b) The Future Transportation Research and Workforce Development Fund shall consist of: (1) If available after the deposit of the funds required under § 14-143-130 , interest income received under § 27-70-204 up to a maximum amount of five hundred thousand dollars ($500,000) each year from the State Highway and Transportation Department Fund; and (2) Any other revenues authorized by law. (c) The Future Transportation Research and Workforce Development Fund shall be used by the Arkansas Department of Transportation for distributing grants under the Transportation-Related Research and Workforce Development Grant Program, § 27-65-145 . Amended by Act 2021, No. 884,§ 1, eff. 7/28/2021. Added by Act 2017, No. 705,§ 2, eff. 8/1/2017.

(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 "Future Transportation Research and Workforce Development Fund".

(b) The Future Transportation Research and Workforce Development Fund shall consist of: (1) If available after the deposit of the funds required under § 14-143-130 , interest income received under § 27-70-204 up to a maximum amount of five hundred thousand dollars ($500,000) each year from the State Highway and Transportation Department Fund; and (2) Any other revenues authorized by law.

(1) If available after the deposit of the funds required under § 14-143-130 , interest income received under § 27-70-204 up to a maximum amount of five hundred thousand dollars ($500,000) each year from the State Highway and Transportation Department Fund; and

(2) Any other revenues authorized by law.

(c) The Future Transportation Research and Workforce Development Fund shall be used by the Arkansas Department of Transportation for distributing grants under the Transportation-Related Research and Workforce Development Grant Program, § 27-65-145 .