§ 22-4-310 - Parks system revenues kept separate -- Use of funds. - Arkansas Statutes

22-4-310. Parks system revenues kept separate -- Use of funds.

(a) The following revenues and moneys are determined and declared to be cash funds which the State Parks, Recreation, and Travel Commission shall hold as separate funds and deposit in trust in any banks or depositories, other than the State Treasury, which the commission may select:

(1) The gross revenue derived by the commission from the properties and equipment of the state parks system;

(2) The moneys received by the commission from the sale of any wood, timber, rocks, stone, water, or other products from the state parks;

(3) The moneys received by the commission from the sale of any state park lands, facilities, and improvements;

(4) All moneys received by the commission as proceeds of insurance policies on any of the properties and equipment of the state parks system; and

(5) All moneys received for state parks purposes from federal means, grants, contributions, gratuities, or reimbursements or from contributions, grants, or gratuities donated by private persons, corporations, or organizations which are subject to restrictions imposed by the respective federal agencies, private persons, corporations, or organizations furnishing these moneys.

(b) All such revenues and moneys shall be subject to payment out of the funds for state parks purposes, including the payment of the principal and interest on revenue bonds issued by the Arkansas Development Finance Authority in the manner and at such times as the commission may direct.