§ 15-31-109 - Receipt and use of grants and aids. - Arkansas Statutes

15-31-109. Receipt and use of grants and aids.

(a) (1) The Arkansas Forestry Commission is authorized and empowered to receive any moneys arising from federal means, grants, contributions, gratuities, or reimbursements or contributions, grants, or gratuities donated by private persons or corporations, and all moneys so received shall be deposited in the State Treasury to the credit of the State Forestry Fund unless provision shall have otherwise been made by the respective federal agencies, private persons, or corporations furnishing the funds.

(2) However, in the event the General Assembly fails to appropriate any moneys for the use of the commission or in the event the specified use of any moneys precludes its deposit in the State Treasury, the commission is authorized and empowered to establish accounts in its name in one (1) or more banks and to deposit therein and withdraw therefrom any moneys for the purposes for which granted, donated, or received.

(b) Subject to the provisions of subsection (a) of this section, all moneys set aside in banks for the purposes stated in subdivision (a)(2) of this section shall be credited to the fund in the State Treasury.