§ 6-20-225 - Loan or transfer repayment. - Arkansas Statutes

6-20-225. Loan or transfer repayment.

Notwithstanding the provisions of 19-5-501 et seq., or any law to the contrary, up to two million dollars ($2,000,000) received by the Public School Fund from the Budget Stabilization Trust Fund either by loan or transfer during the 1996-1997 fiscal year, shall be repaid from time to time by transfer by the Treasurer of State from either the Public School Support Fund or the Public School Fund, or its appropriate fund account, solely from revenues generated by the income tax surcharge levied by 6-20-312(c) [repealed] after the provisions of 19-6-481(b) [repealed] have been achieved.