Browse Arkansas Code titles and sections
19-5-1258. Future Transportation Research Fund.
Arkansas Code — all titles (historical 2020) · legal_authorities
19-5-1258. Future Transportation Research Fund.
(a) There is created on the books of the Treasurer of State, the Auditor of State, and the Chief Fiscal Officer of the State a miscellaneous fund to be known as the “Future Transportation Research Fund”.
(b) The Future Transportation Research Fund shall consist of:
(1) If available after the deposit of the funds required under § 14-143-130, interest income received under § 27-70-204 up to a maximum amount of five hundred thousand dollars ($500,000) each year from the State Highway and Transportation Department Fund; and
(2) Any other revenues authorized by law.
(c) The Future Transportation Research Fund shall be used by the Arkansas Department of Transportation for distributing grants under the Transportation-Related Research Grant Program, § 27-65-145.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 19-5-1258
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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Stable record: arkansas_code:legal_authorities:19-5-1258
Source file: gov.ar.code.title.19.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 9fe2a7a56e6db4154c2190531ef99ba8fbb61afabfc46d23240481d2c1e80b1a
Source location: content.xml paragraph 10127
Stored source content
19-5-1258. Future Transportation Research Fund.
(a) There is created on the books of the Treasurer of State, the Auditor of State, and the Chief Fiscal Officer of the State a miscellaneous fund to be known as the “Future Transportation Research Fund”.
(b) The Future Transportation Research Fund shall consist of:
(1) If available after the deposit of the funds required under § 14-143-130, interest income received under § 27-70-204 up to a maximum amount of five hundred thousand dollars ($500,000) each year from the State Highway and Transportation Department Fund; and
(2) Any other revenues authorized by law.
(c) The Future Transportation Research Fund shall be used by the Arkansas Department of Transportation for distributing grants under the Transportation-Related Research Grant Program, § 27-65-145.
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Arkansas Code — all titles (historical 2020) · legal_authorities
14-143-130. Funding for regional intermodal facilities.
(a) The Arkansas Department of Transportation shall distribute the first five hundred twenty-five thousand dollars ($525,000) of interest income received under § 27-70-204 each year from the State Highway and Transportation Department Fund. The moneys shall be:
(1) Equally distributed to each authority;
(2) Deposited into a bank as the authority may direct under § 14-143-124(a)(1); and
(3) Used for the purposes and the implementation of the powers authorized under this chapter.
(b) Moneys remaining in the bank designated by the authority under subdivision (a)(2) of this section shall carry forward and be made available for the purposes stated in subdivision (a)(3) of this section in the next fiscal year.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 14-143-130
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 14-143-130. This identifies an authority to review, not proof of applicability.
Arkansas Code — all titles (historical 2020) · legal_authorities
27-65-145. Transportation-Related Research Grant Program — Definition.
(a) As used in this section, “transportation-related research” means the systematic investigation into and study of materials and sources in order to establish facts and reach new conclusions to provide resilient and sustainable logistics, processes, materials, and methods to ensure cost-effectiveness and the furtherance of education and economic development concerning all forms of transportation, including without limitation rail, public transportation, aviation, and waterborne transportation.
(b) The Transportation-Related Research Grant Program is established to provide grants to publicly funded institutions of higher education for transportation-related research.
(c) A publicly funded institution of higher education may submit an application to receive a grant for transportation-related research to the Arkansas Department of Transportation, which includes without limitation:
(1) A brief description of the transportation-related research;
(2) An estimate of the cost-effective benefits of the transportation-related research;
(3) The economic development anticipated from the transportation-related research; and
(4) Any other information requested by the department.
(d) The department may award a grant to a publicly funded institution of higher education using funds available in the Future Transportation Research Fund for transportation-related research that meets the criteria established by the department.
(e) The department and the State Highway Commission shall promulgate rules to implement and administer this section, including without limitation the:
(1) Application process;
(2) Disbursement of grant funds; and
(3) Criteria required under subsection (d) of this section.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 27-65-145
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 27-65-145. This identifies an authority to review, not proof of applicability.
Arkansas Code — all titles (historical 2020) · legal_authorities
27-70-204. Interest on funds of Arkansas Department of Transportation.
(a) On the second business day that the State Treasury is open after the twenty-fifth day of the month, the Treasurer of State shall compute the balance of the State Highway and Transportation Department Fund, including all internal accounts and funds, including, but not limited to, the State Highway Special Construction Account, the State Aid Road Fund, the State Aid Street Fund, the State Highway and Transportation Department Fund, and any other funds administered by the Arkansas Department of Transportation during the preceding month and shall transfer on that day to the State Highway and Transportation Department Fund interest on the balance to be computed as authorized under § 19-3-518(d)(4), excluding the interest rate paid on open account deposits, during the preceding month.
(b)(1) Except as provided in subdivision (b)(2) of this section, interest earned on the accounts described in subsection (a) of this section shall be classified as special revenues to be used as authorized under § 19-6-405.
(2) Interest income generated from the Arkansas Four-Lane Highway Construction and Improvement Bond Account shall be distributed as required under § 27-70-206.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 27-70-204
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 27-70-204. This identifies an authority to review, not proof of applicability.