Browse Arkansas Code titles and sections
27-24-1208. Use of funds.
Arkansas Code — all titles (historical 2020) · legal_authorities
27-24-1208. Use of funds.
(a) An institution of higher education in the state that receives funds under this subchapter from the design-use contribution fee shall use one hundred percent (100%) of the funds exclusively for academic or need-based scholarships.
(b) Procedures and criteria used to determine the distribution of the scholarships shall be established and followed by the endowment funds of the participating institutions of higher education that distribute the funds derived from the special license plates under this subchapter.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 27-24-1208
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:27-24-1208
Source file: gov.ar.code.title.27.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 81f078b5583960d8204921496aa9a976a5821211397596153fd1de8d7b6c60dd
Source location: content.xml paragraph 12353
Stored source content
27-24-1208. Use of funds.
(a) An institution of higher education in the state that receives funds under this subchapter from the design-use contribution fee shall use one hundred percent (100%) of the funds exclusively for academic or need-based scholarships.
(b) Procedures and criteria used to determine the distribution of the scholarships shall be established and followed by the endowment funds of the participating institutions of higher education that distribute the funds derived from the special license plates under this subchapter.
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