2019 Arkansas Code
Title 15 - Natural Resources and Economic Development
Subtitle 1 - Development of Economic and Natural Resources Generally
Chapter 5 - Arkansas Development Finance Authority
Subchapter 17 - Arkansas Housing Trust Fund Act of 2009
§ 15-5-1704. Establishment of Arkansas Housing Trust Fund
(a) There is established on the books of the Arkansas Development Finance Authority a special restricted fund, to be known as the “Arkansas Housing Trust Fund”, which shall be maintained and administered by the authority for the purposes stated in this subchapter.
(b) All moneys deposited into the fund under this subchapter are cash funds restricted in their use and shall not be deposited into the State Treasury or deemed to be a part of the State Treasury for the purposes of Arkansas Constitution, Article 5, § 29, Arkansas Constitution, Article 16, § 12, or Arkansas Constitution, Amendment 20, or any other constitutional or statutory provisions, but shall be held by the authority and used solely for the purposes stated under this subchapter.
