(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 “Port Priority Improvement Fund”.
(b) The fund shall consist of the funds or other moneys that may be deposited into the fund as provided by the General Assembly.
(c) The fund shall be used to:(1) Provide financial assistance to public port authorities as set out in the Arkansas Port Priority Improvement Program Act, § 15-23-901 et seq.; and(2) Develop port infrastructure, including paying for associated engineering and construction costs.
(1) Provide financial assistance to public port authorities as set out in the Arkansas Port Priority Improvement Program Act, § 15-23-901 et seq.; and
(2) Develop port infrastructure, including paying for associated engineering and construction costs.