(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 Cultural Institutions Trust Fund”.
(b) The fund shall consist of:(1) Grants, donations, or transfers made by any person or government agency or office;(2) Any remaining balances in the fund carried forward from year to year; and(3) Any other funds authorized or provided by law.
(1) Grants, donations, or transfers made by any person or government agency or office;
(2) Any remaining balances in the fund carried forward from year to year; and
(3) Any other funds authorized or provided by law.
(c) The fund shall be used for the purposes set out in § 13-8-305.