§ 26-35-1103 - Disaster Relief Program Trust Fund. - Arkansas Statutes

26-35-1103. Disaster Relief Program Trust Fund.

(a) (1) There is created on the books of the Treasurer of State, the Auditor of State, and the Chief Fiscal Officer of the State an Arkansas Disaster Relief Program Trust Fund to be used by the Arkansas Department of Emergency Management for disaster relief.

(2) The Treasurer of State shall credit to the fund the amount certified each quarter in accordance with 26-35-1101.

(b) (1) The moneys credited to this fund shall be held as trust funds in interest-bearing accounts only.

(2) All interest earned shall be credited to the fund and shall be used only for the purposes of that fund.

(c) All funds deposited into the fund and all interest earned on deposits and the fund balance in the fund may be disbursed as appropriated in each fiscal year of the biennium for the program created by this subchapter.