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2020 Arkansas Code
Title 19 - Public Finance
Chapter 6 - Revenue Classification Law
Subchapter 4 - Special Revenue Funds
§ 19-6-402. Division of Aeronautics Fund

Universal Citation: AR Code § 19-6-402 (2020)
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  1. (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 special revenue fund to be known as the “Division of Aeronautics Fund”.

  2. (b) The fund shall consist of those special revenues as specified in § 19-6-301(17).

  3. (c) The fund shall be used by the Division of Aeronautics for:

    1. (1) Distributing grants-in-aid to qualifying airports of the state as authorized by law;

    2. (2) Distributing grants to qualifying applicants as determined by the Director of the Division of Aeronautics and the Aeronautics Commission for any purpose related to:

      1. (A) The development of aeronautics;

      2. (B) The promotion of aeronautics; or

      3. (C) Aviation education;

    3. (3) The maintenance, operation, and improvement required in carrying out the functions, powers, and duties set out in § 27-114-101 et seq.; or

    4. (4) Carrying out other duties imposed by law upon the division, including without limitation the duties set out in § 27-115-110.

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