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15-5-1507. Allocation from Treasurer of State.
Arkansas Code — all titles (historical 2020) · legal_authorities
15-5-1507. Allocation from Treasurer of State.
(a)(1) The Arkansas Development Finance Authority may accept moneys from the Treasurer of State for deposit into the Brownfield Revolving Loan Fund, as provided by law, to be used for the purposes authorized under this subchapter.
(2) Federal or state grants transferred directly to the authority for deposit into the fund are declared to be cash funds restricted in their use solely for the purposes under this subchapter.
(b) Notwithstanding the provisions of §§ 19-6-108 and 19-6-601, federal or state grants received by the Treasurer of State for purposes authorized under this subchapter are declared to be cash funds to be used solely as authorized under this subchapter.
(c)(1) Moneys received under this section shall not be considered to be a part of the State Treasury for the purposes of:
(A) Arkansas Constitution, Article 5, § 29;
(B) Arkansas Constitution, Article 16, § 12;
(C) Arkansas Constitution, Amendment 20; or
(D) Any other constitutional or statutory provision.
(2) The Treasurer of State shall not deposit moneys received under this section into the State Treasury but shall remit the moneys to the authority for deposit into the fund.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 15-5-1507
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:15-5-1507
Source file: gov.ar.code.title.15.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 6190b673981f2030b9885ce847fd9f9a59cd9d8df38101f52cecc935c539fc4f
Source location: content.xml paragraph 9487
Stored source content
15-5-1507. Allocation from Treasurer of State.
(a)(1) The Arkansas Development Finance Authority may accept moneys from the Treasurer of State for deposit into the Brownfield Revolving Loan Fund, as provided by law, to be used for the purposes authorized under this subchapter.
(2) Federal or state grants transferred directly to the authority for deposit into the fund are declared to be cash funds restricted in their use solely for the purposes under this subchapter.
(b) Notwithstanding the provisions of §§ 19-6-108 and 19-6-601, federal or state grants received by the Treasurer of State for purposes authorized under this subchapter are declared to be cash funds to be used solely as authorized under this subchapter.
(c)(1) Moneys received under this section shall not be considered to be a part of the State Treasury for the purposes of:
(A) Arkansas Constitution, Article 5, § 29;
(B) Arkansas Constitution, Article 16, § 12;
(C) Arkansas Constitution, Amendment 20; or
(D) Any other constitutional or statutory provision.
(2) The Treasurer of State shall not deposit moneys received under this section into the State Treasury but shall remit the moneys to the authority for deposit into the fund.
Cross-references
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Arkansas Code — all titles (historical 2020) · legal_authorities
19-6-108. Classifications of revenue.
All taxes, licenses, fees, permits, assessments, royalties, leases, rents, fines, interest, penalties, or other governmental income available to the State of Arkansas, which are required by law to be deposited into the State Treasury, shall be classified under one (1) or more of the following:
(1) General revenues;
(2) Special revenues;
(3) Trust fund income;
(4) Federal grants, aids, and reimbursements; and
(5) Nonrevenue receipts.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 19-6-108
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 19-6-108. This identifies an authority to review, not proof of applicability.
Arkansas Code — all titles (historical 2020) · legal_authorities
19-6-601. Federal grants, aids, and reimbursements.
Federal grants, aids, and reimbursements shall consist of all funds granted to this state or any of its agencies under acts of the United States Congress or by any agency of the federal government. Such funds so received shall be considered as revenue of the fiscal year in which they are received. However, those moneys received during the month of July may be classified as revenues of the preceding fiscal year on the books of the Chief Fiscal Officer of the State upon investigation and subsequent determination by the Chief Fiscal Officer of the State that failure to do such would cause undue harm to the state or any of its agencies.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 19-6-601
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 19-6-601. This identifies an authority to review, not proof of applicability.