Browse Arkansas Code titles and sections
15-22-808. Arkansas Water Resources Cost Share Revolving Fund.
Arkansas Code — all titles (historical 2020) · legal_authorities
15-22-808. Arkansas Water Resources Cost Share Revolving Fund.
(a) The Arkansas Water Resources Cost Share Revolving Fund created under § 19-5-1042 is a depository for funds which may be appropriated or otherwise secured for cost-sharing with the federal government in local water resources development projects under this subchapter.
(b)(1) The fund shall be used to:
(A) Provide loans or grants to local governments under this subchapter; and
(B) Pay the administrative costs of a water resources development project not to exceed twenty percent (20%) of the total cost of the water resources development project.
(2) Funds from the repayment of loans from the fund shall be returned to the fund and shall be reused in a manner consistent with the purpose of this subchapter.
(c)(1) Loans from the fund shall be repaid in full at an interest rate up to the maximum allowed under the Arkansas Constitution.
(2) The terms and conditions of repayment of the loans for cost-sharing shall be specified and agreed to in writing before awarding the loan.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 15-22-808
Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. A text match is a research starting point; applicability is not established.
Issuing source page ↗
Authority boundary: historical statutory source snapshot not current law.
Open the recorded source website ↗
Record provenance
Stable record: arkansas_code:legal_authorities:15-22-808
Source file: gov.ar.code.title.15.odt
Pages: Not recorded – Not recorded
Passage SHA-256: c9f0a7965deaa8c84850d6aaa9bbb9d79e205505f0bfb68058d1d5d068d5ff74
Source location: content.xml paragraph 16107
Stored source content
15-22-808. Arkansas Water Resources Cost Share Revolving Fund.
(a) The Arkansas Water Resources Cost Share Revolving Fund created under § 19-5-1042 is a depository for funds which may be appropriated or otherwise secured for cost-sharing with the federal government in local water resources development projects under this subchapter.
(b)(1) The fund shall be used to:
(A) Provide loans or grants to local governments under this subchapter; and
(B) Pay the administrative costs of a water resources development project not to exceed twenty percent (20%) of the total cost of the water resources development project.
(2) Funds from the repayment of loans from the fund shall be returned to the fund and shall be reused in a manner consistent with the purpose of this subchapter.
(c)(1) Loans from the fund shall be repaid in full at an interest rate up to the maximum allowed under the Arkansas Constitution.
(2) The terms and conditions of repayment of the loans for cost-sharing shall be specified and agreed to in writing before awarding the loan.
Cross-references
Connections may be documented source relationships, shared citations or nearby passages. Each explains its basis; a connection alone does not establish applicability to your situation.
Arkansas Code — all titles (historical 2020) · legal_authorities
19-5-1042. Arkansas Water Resources Cost Share Revolving Fund.
(a) There is 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)(1) The 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 and loan repayments to the fund, there to be used to provide loans or grants to local governments for the purposes as established in the Arkansas Water Resources Cost Share Finance Act, § 15-22-801 et seq.
(2) The fund may also be used to allow up to twenty percent (20%) of the total cost of a project as administrative costs.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 19-5-1042
Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. The source passage cites 19-5-1042. This identifies an authority to review, not proof of applicability.