(a) There is created on the books of the Treasurer of State, the Auditor of State, and the Chief Fiscal Officer of the State a trust fund to be known as the "Economic Development Superprojects Project Fund".
(b) The fund may consist of the proceeds from the sale of bonds, together with all revenues derived by the Arkansas Development Finance Authority from any superproject financed or refinanced under § 15-4-3012 or may consist of other funds authorized by law.
(c) This fund may be used to provide for payment of all or a part of debt service on bonds and to directly fund superprojects on a pay-as-you-go basis as set out in § 15-4-3012 or to fund projects authorized under Arkansas Constitution, Amendment 82.
Section: Previous 19-5-1122 19-5-1123 19-5-1125 19-5-1126 19-5-1127 19-5-1128 19-5-1129 19-5-1130 19-5-1131 19-5-1134 19-5-1135 19-5-1136 19-5-1137 19-5-1138 19-5-1139 NextLast modified: November 15, 2016