Arkansas Biosciences Institute Program Account

Ark. Code Ann. § 19-26-297 — under Trust Funds.

Ark. Code Ann. § 19-26-297

(a) There is created on the books of the Treasurer of State, the Auditor of State, and the Chief Fiscal Officer of the State a trust fund to be known as the “Arkansas Biosciences Institute Program Account”.

(b) The Arkansas Biosciences Institute Program Account shall consist of:(1) Those moneys transferred from the Tobacco Settlement Program Fund as provided in § 19-90-108; and(2) Interest earnings.

(1) Those moneys transferred from the Tobacco Settlement Program Fund as provided in § 19-90-108; and

(2) Interest earnings.

(c) The Arkansas Biosciences Institute Program Account shall be used as provided in § 19-90-111.