{"data":{"id":"us-ar/ark.-code-ann.-27-24-1208","jurisdiction":"us-ar","citation":"Ark. Code Ann. § 27-24-1208","heading":"Use of funds","body":"(a) An institution of higher education in the state that receives funds under this subchapter from the design-use contribution fee shall use one hundred percent (100%) of the funds exclusively for academic or need-based scholarships.\n\n(b) Procedures and criteria used to determine the distribution of the scholarships shall be established and followed by the endowment funds of the participating institutions of higher education that distribute the funds derived from the special license plates under this subchapter.","path":["AR Code","Title 27","Chapter 24","Subchapter 12"],"source_url":"https://oss-data-us.vaquill.ai/v2026.08/us_ar_statutes.parquet","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:41Z","sha256":"301b781b062a46862cbce2a797717a9d0d8b7c96cfb60b04acfce16b3c25ceed","source_id":"us-ar","stale":false,"prev":"us-ar/ark.-code-ann.-27-24-1207","next":"us-ar/ark.-code-ann.-27-24-1209"},"notice":"GroundRules: Original legal text. Not legal advice."}