§ 27-72-319 - Advance transfers from revolving fund -- In general. - Arkansas Statutes

27-72-319. Advance transfers from revolving fund -- In general.

(a) Moneys at any time in the County Road Construction and Maintenance Revolving Fund shall be available to the Chief Fiscal Officer of the State only for the purposes of making advance transfers to the several county highway funds, state aid road funds, federal-aid secondary road funds, and all other provisions of county road construction assistance which may be enacted by the General Assembly and governed by the Revenue Stabilization Law, 19-5-101 et seq.

(b) The Chief Fiscal Officer of the State shall be guided by 27-72-320 and 27-72-321, with respect to the making of advance transfers of moneys from the County Road Construction and Maintenance Revolving Fund to other State Treasury funds or fund accounts which, under the provisions of this section, are eligible to receive advances.