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19-6-498. Investor Education Fund.

Arkansas Code — all titles (historical 2020) · legal_authorities

19-6-498. Investor Education Fund.

19-6-498. Investor Education Fund. The Investor Education Fund shall consist of those special revenues as specified in § 19-6-301(213) and an initial transfer of one hundred thousand dollars ($100,000) from the Securities Department Fund, there to be used to inform and educate the public regarding investments in securities and to pay for costs and expenses associated with conducting a stock market game for educational purposes in the state's public school system, as set out in § 23-42-213.

Source: Arkansas Code — historical release 78 (November 6, 2020) · 19-6-498

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:19-6-498
Source file: gov.ar.code.title.19.odt
Pages: Not recorded – Not recorded
Passage SHA-256: b9c484cd4573404fe57525d0d3e717a81bbd0f8e47c6d10db29b3b4d1ab2de76

Source location: content.xml paragraph 12088

Stored source content

19-6-498. Investor Education Fund. The Investor Education Fund shall consist of those special revenues as specified in § 19-6-301(213) and an initial transfer of one hundred thousand dollars ($100,000) from the Securities Department Fund, there to be used to inform and educate the public regarding investments in securities and to pay for costs and expenses associated with conducting a stock market game for educational purposes in the state's public school system, as set out in § 23-42-213.

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Arkansas Code — all titles (historical 2020) · legal_authorities

19-6-301. Special revenues enumerated.

19-6-301. Special revenues enumerated. The special revenues of the state, its agencies, departments, institutions, commissions, and boards, as provided by law and as required by law to be deposited into the State Treasury, shall consist of the following, as described by their commonly known titles: (1) The remainder of motor vehicle operator and chauffeur licenses and penalties, as confirmed and enacted by § 12-8-301 et seq., known as the “Division of Arkansas State Police Communications Equipment Leasing Act”, which are not required for debt service requirements that are authorized to be deposited into the State Treasury under §§ 12-8-307 — 12-8-310; (2) Motor vehicle registration and license fees, as enacted by Acts 1929, No. 65, §§ 26-55-101, 27-14-305, 27-14-601, 27-15-1501 [repealed], 27-64-104, 27-65-101, 27-65-107, 27-65-110, 27-65-112, 27-65-131 — 27-65-133, 27-67-101, 27-67-102, 27-67-201, 27-67-206 — 27-67-208, 27-67-211, 27-67-214, and 27-67-218, and all laws amendatory thereto, Acts 1965, No. 87, § 27-15-4001, Acts 1959, No. 122, § 27-15-2101 [repealed], Acts 1959, No. 189, § 27-15-2003 [repealed], and Acts 1969, No. 36, §§ 27-15-401 — 27-15-406 [repealed]; (3) Distillate special motor fuels taxes and liquefied gas special motor fuels taxes and license and permit fees, as enacted by § 26-56-101 et seq., known as the “Special Motor Fuels Tax Law”, and all laws amendatory thereto, including the: (A) Eight and one-half cent (8.5¢) tax on distillate special motor fuels levied by § 26-56-201(a)(1)(A)(i) and the one cent (1¢) tax on distillate special motor fuels levied by § 26-56-201(a)(1)(A)(ii); (B) Seven and one-half cent (7.5¢) tax on liquefied gas special motor fuels levied by § 26-56-301(a); (C) Additional one cent (1¢) tax on distillate speci

Source: Arkansas Code — historical release 78 (November 6, 2020) · 19-6-301

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 19-6-301. This identifies an authority to review, not proof of applicability.

Arkansas Code — all titles (historical 2020) · legal_authorities

23-42-213. Disposition of fines — Investor Education Fund.

23-42-213. Disposition of fines — Investor Education Fund. (a) There is created on the books of the Chief Fiscal Officer of the State, the Auditor of State, and the Treasurer of State a fund to be known as the “Investor Education Fund”. (b) Except as provided by subsection (c) of this section, all fines imposed and collected under §§ 23-42-209 and 23-42-308 shall be deposited as special revenues into the State Treasury and credited to the fund, to be administered by the Securities Commissioner for the following purposes: (1) To inform and educate the public regarding investments in securities in order to help investors and potential investors: (A) Evaluate their investment decisions; (B) Protect themselves from unfair, inequitable, or fraudulent offerings; (C) Choose their broker-dealers, agents, and investment advisers more carefully; (D) Be alert for false or misleading advertising or other harmful practices; and (E) Know their rights as investors; and (2) To pay for: (A) Costs, expenses, and charges incurred by the State Securities Department in connection with the presentation and dissemination of information to the public as described in this section, including costs of printing copies of the Arkansas Securities Act, § 23-42-101 et seq., Rules of the Arkansas Securities Commissioner, and other materials designed to inform the public as set forth in this section; (B) Costs of advertising and promotional materials designed to accomplish the purposes of this subdivision (b)(2); (C) Costs of equipment necessary or useful for such presentations; and (D) Costs and expenses associated with conducting a stock market game for educational purposes in selected schools in the state's public school system. (c) Fines collected in excess of one hundred

Source: Arkansas Code — historical release 78 (November 6, 2020) · 23-42-213

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 23-42-213. This identifies an authority to review, not proof of applicability.