§ 19-5-310 - Water, Sewer, and Solid Waste Systems Revolving Fund. - Arkansas Statutes

19-5-310. Water, Sewer, and Solid Waste Systems Revolving Fund.

A special fund entitled the Water, Sewer, and Solid Waste Systems Revolving Fund is created to provide a depository for funds which may be appropriated or otherwise secured for the purposes of matching or supplementing federal grants and loans. This fund shall be used to provide low interest loans to cities, towns, counties, and other eligible applicants. Funds from the repayment of loans made from the fund shall return to the fund and shall be reloaned in a manner which is consistent with the purposes of this program.