§ 19-5-1064 - Building Trades Revolving Fund. - Arkansas Statutes

19-5-1064. Building Trades Revolving Fund.

(a) There is hereby established on the books of the Treasurer of State, the Auditor of State, and the Chief Fiscal Officer of the State a fund to be known as the Building Trades Revolving Fund.

(b) This fund shall consist of all funds appropriated for the building trades program and from the sale of dwelling units constructed under the provisions of 6-51-501 et seq., there to be used exclusively for making advances to technical institutes or comprehensive lifelong learning centers for the purchase of lots, building materials, supplies, and fixtures necessary to construct dwellings on such lots, as set out in 6-51-501 et seq.