{"data":{"id":"us-ar/ark.-code-ann.-8-15-118","jurisdiction":"us-ar","citation":"Ark. Code Ann. § 8-15-118","heading":"Revolving fund","body":"(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.\n\n(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.\n\n(b) A district may transfer into its revolving fund money from any permissible source, including: (1) Bond revenues; (2) Contributions; and (3) Loans.\n\n(1) Bond revenues;\n\n(2) Contributions; and\n\n(3) Loans.","path":["AR Code","Title 8","Chapter 15"],"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":"6fb47c91017be2d362beac6fea9efe8b94a3840cd55340a9ae60bdfeea1b61fd","source_id":"us-ar","stale":false,"prev":"us-ar/ark.-code-ann.-8-15-117","next":"us-ar/ark.-code-ann.-8-15-119"},"notice":"GroundRules: Original legal text. Not legal advice."}