(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 miscellaneous fund to be known as the Historic Preservation Revolving Loan Fund.
(b) The fund shall consist of:(1) Private funds;(2) Federal funds;(3) Any portion of real estate transfer taxes deemed appropriate by the Arkansas Historic Preservation Program; and(4) Repayment of loans made pursuant to the Historic Preservation Loan Act, § 13-7-501 et seq.
(1) Private funds;
(2) Federal funds;
(3) Any portion of real estate transfer taxes deemed appropriate by the Arkansas Historic Preservation Program; and
(4) Repayment of loans made pursuant to the Historic Preservation Loan Act, § 13-7-501 et seq.
(c) The fund shall be used to make loans as provided in the Historic Preservation Loan Act, § 13-7-501 et seq., as administered by the Arkansas Historic Preservation Program.