§ 20-17-1307 - Grant payments -- Amount. - Arkansas Statutes

20-17-1307. Grant payments -- Amount.

(a) The Securities Commissioner shall make grant payments under this subchapter from:

(1) Funds appropriated by the General Assembly for that purpose; or

(2) Excess funds transferred under 20-17-1025(f) to the insolvent cemetery grant fund from the insolvent cemetery loan fund.

(b) The annual amount that the Arkansas Cemetery Board may grant to an insolvent perpetual care cemetery under this subchapter shall not exceed thirty-five thousand dollars ($35,000).