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2019 Arkansas Code
Title 8 - Environmental Law
Chapter 15 - Property Assessed Clean Energy Act
§ 8-15-118. Revolving Fund
Universal Citation: AR Code § 8-15-118 (2019)
(a) A property assessed energy improvement district may maintain a revolving fund to be held in trust by a banking institution chosen by the board of directors of the district separate from any other funds and administered by the board.
(b) A district may transfer into its revolving fund money from any permissible source, including:
(1) Bond revenues;
(2) Contributions; and
(3) Loans.
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