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19-5-1109. Ouachita River Waterways Project Trust Fund.
Arkansas Code — all titles (historical 2020) · legal_authorities
19-5-1109. 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) The Ouachita River Waterways Project Trust Fund shall consist of those moneys approved by the General Assembly and the interest income earned from the investment of funds accruing to the Ouachita River Waterways Project Trust Fund.
(c)(1) The Ouachita River Waterways Project Trust Fund may be used for such purposes 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) 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. 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) · 19-5-1109
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:19-5-1109
Source file: gov.ar.code.title.19.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 6089aef79187619c687f0e47f81727ae3bc05a4e50ed634435bb4f936ee29d2c
Source location: content.xml paragraph 8649
Stored source content
19-5-1109. 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) The Ouachita River Waterways Project Trust Fund shall consist of those moneys approved by the General Assembly and the interest income earned from the investment of funds accruing to the Ouachita River Waterways Project Trust Fund.
(c)(1) The Ouachita River Waterways Project Trust Fund may be used for such purposes 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) 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. In no event, however, shall the funds be invested for longer than a continuous two-year period.
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