§ 19-5-1059 - Technology Equipment Revolving Loan Fund. - Arkansas Statutes

19-5-1059. Technology Equipment Revolving Loan Fund.

(a) There is established a cash fund, as defined by 19-4-801, to be known as the Technology Equipment Revolving Loan Fund.

(b) The funds for the Technology Equipment Revolving Loan Fund shall consist of all moneys appropriated for the purpose of such fund, all moneys transferred to such fund pursuant to law, all moneys required by the provisions of this section or any other law to be paid into or credited to this fund, all moneys, including interest, paid by borrowers to the fund in repayment of loans made from the fund, and all moneys given to the fund by interested individuals or entities, and the Technology Equipment Revolving Loan Fund Committee shall be authorized to accept said moneys on behalf of the fund from any source, including federal and state grants.

(c) The purpose of the Technology Equipment Revolving Loan Fund shall be to provide qualified individuals with disabilities and their family members with the financial opportunity to purchase or modify equipment, facilities, and related services used by one (1) or more persons with a disability to enhance independence, productivity, and full participation in the community. Expenditures from the loan fund may include, but are not limited to, communication devices, prostheses, wheelchairs, wheelchair car-lifts, ramps and roll-in showers and telecommunication devices for persons who are deaf or hearing impaired, and devices which allow persons who are blind or visually impaired to discern printed materials.

(d) Unexpended moneys contained in this fund at the end of the fiscal year shall be carried forward from year to year.