Statutes > Arkansas Statutes > Title 15 - Natural Resources and Economic Development > Subtitle 1 - Development Of Economic And Natural Resources Generally > Chapter 3 - Science And Technology Authority > Subchapter 1 - Arkansas Science and Technology Authority > § 15-3-119 - Investment of endowment fund assets.

§ 15-3-119 - Investment of endowment fund assets.

15-3-119. Investment of endowment fund assets.

(a) The moneys and other assets composing the Arkansas Science and Technology Authority Endowment Fund shall be invested in such manner and in such instruments as the Treasurer of State may direct.

(b) The income from the investment of the fund shall be redeposited in the fund, and such income shall be subject to appropriation under 15-3-120 for the use of the Arkansas Science and Technology Authority in carrying out the purposes of this chapter.