§ 19-5-966 - Water Resources Development Operation and Maintenance Fund.
19-5-966. Water Resources Development Operation and Maintenance 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 Water Resources Development Operation and Maintenance 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, there to be used for all or a part of the operation and maintenance needs of projects financed under the provisions of 15-22-601 et seq.