GroundRules
Ark. Code Ann. § 8-15-118: Revolving fund
Where this section sits in the code
- AR Code
- Title 8
- Chapter 15
(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. Amended by Act 2015, No. 1162,§ 9, eff. 7/22/2015. Added by Act 2013, No. 1074,§ 1, eff. 8/16/2013.
(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.
(1) Bond revenues;
(2) Contributions; and
(3) Loans.
Collected 2026-09-17T21:35:43Z. Source file · JSON
Compilation CC BY 4.0, Open US Law (Vaquill AI). GroundRules uses only the releases published under CC BY 4.0: from v2026.09 the compilation is licensed CC BY-NC 4.0, and GroundRules does not use those releases. Each affected row names its release in its vintage label. GroundRules parsed and filtered the compilation to retain enacted text. Source · License
Arkansas electronic product files were republished by Public.Resource.Org under a public-domain mark. GroundRules uses enacted text from Release 78 only as a labeled supplement to the newer Open US Law rows. Source