§ 19-5-1238 - Sustainable Building Design Revolving Loan Fund. - Arkansas Statutes

19-5-1238. Sustainable Building Design Revolving Loan Fund.

(a) There is hereby created on the books of the Treasurer of State, the Auditor of State, and the Chief Fiscal Officer of the State a miscellaneous fund to be known as the "Sustainable Building Design Revolving Loan Fund".

(b) (1) The fund shall consist of funds transferred to it from the General Improvement Fund or other funds, gifts, bequests, foundation grants and gifts, Governor's Emergency Fund or other emergency funds, federal grants and matching funds, proceeds from bond issues, service charges or fees, interagency transfers of funds, and other funds as may be appropriated by the General Assembly.

(2) The fund shall consist of funds received from agencies, boards, or commissions to repay loans for the Sustainable Building Design Program, funds made available by the General Assembly from time to time, and such revenues as may be authorized by law.

(c) The fund shall be used to provide loans to agencies for the Sustainable Building Design Program as authorized by law and approved by the Chief Fiscal Officer of the State.