§ 19-5-997 - Center for Rural Arkansas Trust Fund. - Arkansas Statutes

19-5-997. Center for Rural Arkansas 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 Center for Rural Arkansas Trust Fund.

(b) This fund shall consist of those funds that may be received from private, foundation, and corporate sources and funds provided by the General Assembly to be used to finance the appropriation made by this act for the Center for Rural Arkansas. The Department of Rural Services shall only transfer the interest earnings from the fund annually to finance the appropriations made for its matching grant programs with the principal amount to remain in the fund.