§ 19-5-1105 - Small Business Revolving Loan Fund. - Arkansas Statutes

19-5-1105. Small Business Revolving Loan Fund.

(a) There is 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 Small Business Revolving Loan Fund.

(b) (1) This fund shall consist of moneys transferred from the General Improvement Fund, interest earnings, repayment of loans, and moneys recovered for loan losses made under the Small Business Revolving Loan Fund for the Pollution Control and Prevention Technologies Act program and any other moneys made available by law or from any other source.

(2) The fund shall be administered by the Arkansas Department of Environmental Quality and used exclusively for those purposes set out in 8-5-801 et seq.