§ 19-5-1069 - Arkansas Water Resources Cost Share Revolving Fund.
19-5-1069. Arkansas Water Resources Cost Share Revolving Fund.
(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 Arkansas Water Resources Cost Share Revolving Fund.
(b) This fund shall consist of funds appropriated or otherwise secured for the purposes of cost sharing with the federal government in local water resources development projects, there to be used to provide loans or grants to local governments for those purposes as set out in 15-22-801 et seq., as administered by the Arkansas Natural Resources Commission.