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15-23-806. Ouachita River Waterways Project Trust Fund.
Arkansas Code — all titles (historical 2020) · legal_authorities
15-23-806. Ouachita River Waterways Project Trust 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 trust fund to be known as the “Ouachita River Waterways Project Trust Fund”.
(b) This fund shall consist of those moneys approved by the General Assembly and the interest income earned from the investment of funds accruing to the fund.
(c)(1) The fund may be used for such purposes as may be authorized by law, including, but not limited to, wildlife and recreation purposes and bank stabilization.
(2) The funds shall not be used for bend cuts or bend widenings.
(d)(1) Investment of the funds available shall be by the Treasurer of State in such amounts and in such manner as may be directed by the Ouachita River Commission.
(2) In no event, however, shall the funds be invested for longer than a continuous two-year period.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 15-23-806
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.
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Record provenance
Stable record: arkansas_code:legal_authorities:15-23-806
Source file: gov.ar.code.title.15.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 464360ec12332a948f8ce6abba1cbf40dc3ba86a4e63fa8c7fe538d8dea3b50b
Source location: content.xml paragraph 18040
Stored source content
15-23-806. Ouachita River Waterways Project Trust 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 trust fund to be known as the “Ouachita River Waterways Project Trust Fund”.
(b) This fund shall consist of those moneys approved by the General Assembly and the interest income earned from the investment of funds accruing to the fund.
(c)(1) The fund may be used for such purposes as may be authorized by law, including, but not limited to, wildlife and recreation purposes and bank stabilization.
(2) The funds shall not be used for bend cuts or bend widenings.
(d)(1) Investment of the funds available shall be by the Treasurer of State in such amounts and in such manner as may be directed by the Ouachita River Commission.
(2) In no event, however, shall the funds be invested for longer than a continuous two-year period.
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