(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 Arkansas Biosciences Institute Program Account.
(b) (1) This fund shall consist of those moneys transferred from the Tobacco Settlement Program Fund as provided in § 19-12-108 and interest earnings.
(2) The fund shall be used for those purposes set out in § 19-12-111.
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