Ark. Code Ann. § 15-4-2305
This is the official text of Ark. Code Ann. § 15-4-2305, part of Arkansas’s Code Ann — part of the compiled statutory law of Arkansas, published by the state as "Code Ann." Browse the sections below, each linked to its official government source.
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Public Roads Incentive Fund
Official statutory text
(a) There is established on the books of the Treasurer of State, the Auditor of State, and the Chief Fiscal Officer of the State a fund to be known as the "Public Roads Incentive Fund" of the Arkansas Economic Development Council. (b) The fund shall consist of contributions made by taxpayers for public roads projects approved by the Director of the Arkansas Economic Development Commission and any other funds as are designated or deposited to the fund by law. (c) (1) A separate account shall be established for each project, and contributions for a project shall be applied to provide funding assistance for such a project. (2) Any contributions which remain in the fund when a project is completed or terminated shall be held and applied to other public roads projects in such manner as the director shall direct. Amended by Act 2019, No. 910,§ 388, eff. 7/1/2019. Amended by Act 2019, No. 910,§ 387, eff. 7/1/2019. Acts 1999, No. 1347, § 1.
(a) There is established on the books of the Treasurer of State, the Auditor of State, and the Chief Fiscal Officer of the State a fund to be known as the "Public Roads Incentive Fund" of the Arkansas Economic Development Council.
(b) The fund shall consist of contributions made by taxpayers for public roads projects approved by the Director of the Arkansas Economic Development Commission and any other funds as are designated or deposited to the fund by law.
(c) (1) A separate account shall be established for each project, and contributions for a project shall be applied to provide funding assistance for such a project. (2) Any contributions which remain in the fund when a project is completed or terminated shall be held and applied to other public roads projects in such manner as the director shall direct.
(1) A separate account shall be established for each project, and contributions for a project shall be applied to provide funding assistance for such a project.
(2) Any contributions which remain in the fund when a project is completed or terminated shall be held and applied to other public roads projects in such manner as the director shall direct.
Amended by Act 2019, No. 910,§ 388, eff. 7/1/2019.
Amended by Act 2019, No. 910,§ 387, eff. 7/1/2019.
Acts 1999, No. 1347, § 1.
(a) There is established on the books of the Treasurer of State, the Auditor of State, and the Chief Fiscal Officer of the State a fund to be known as the "Public Roads Incentive Fund" of the Arkansas Economic Development Council.
(b) The fund shall consist of contributions made by taxpayers for public roads projects approved by the Director of the Arkansas Economic Development Commission and any other funds as are designated or deposited to the fund by law.
(c) (1) A separate account shall be established for each project, and contributions for a project shall be applied to provide funding assistance for such a project. (2) Any contributions which remain in the fund when a project is completed or terminated shall be held and applied to other public roads projects in such manner as the director shall direct.
(1) A separate account shall be established for each project, and contributions for a project shall be applied to provide funding assistance for such a project.
(2) Any contributions which remain in the fund when a project is completed or terminated shall be held and applied to other public roads projects in such manner as the director shall direct.
Amended by Act 2019, No. 910,§ 388, eff. 7/1/2019.
Amended by Act 2019, No. 910,§ 387, eff. 7/1/2019.
Acts 1999, No. 1347, § 1.
Status: in_force
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