(a) There is hereby 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 Water Resources Development Bond Fund.
(b) Such fund shall consist of proceeds from the sale of bonds as issued by the Arkansas Natural Resources Commission and revenues derived from projects financed under § 15-22-601 et seq., in amounts or portions as set forth in the resolution or trust indenture authorizing or securing such bonds, general revenues, and any other funds made available by the General Assembly, there to be used only to provide for payment of all or part of debt service on bonds issued under § 15-22-601 et seq., either at maturity or upon redemption prior to maturity, as administered by the Treasurer of State.
Section: Previous 19-5-956 19-5-957 19-5-958 19-5-959 19-5-960 19-5-961 19-5-962 19-5-964 19-5-965 19-5-966 19-5-967 19-5-968 19-5-969 19-5-970 19-5-971 NextLast modified: November 15, 2016