§ 19-5-942 - Educational Excellence Trust Fund. - Arkansas Statutes

19-5-942. Educational Excellence Trust 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 Educational Excellence Trust Fund.

(b) This fund shall consist of those additional revenues enacted by the Seventy-Eighth General Assembly meeting in regular session, the phrase "those additional revenues" being limited to any increases enacted in those taxes classified as general revenues in the Revenue Classification Law, 19-6-101 et seq., there to be distributed to the various funds and fund accounts as set out in 6-5-301 et seq.