(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 “Public Roads Incentive Fund”.
(b) The fund shall consist of:(1) Contributions made by taxpayers for public roads projects approved by the Director of the Arkansas Economic Development Commission; and(2) Any other funds as are designated or deposited into the fund by law.
(1) Contributions made by taxpayers for public roads projects approved by the Director of the Arkansas Economic Development Commission; and
(2) Any other funds as are designated or deposited into the fund by law.
(c) (1) A separate account shall be established for each project, and contributions for a project shall be applied to provide funding assistance for that project.(2) Any contributions that remain in the fund when a project is completed or terminated shall be held and applied to other public roads projects in the manner that the director determines.
(1) A separate account shall be established for each project, and contributions for a project shall be applied to provide funding assistance for that project.
(2) Any contributions that remain in the fund when a project is completed or terminated shall be held and applied to other public roads projects in the manner that the director determines.