(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 special revenue fund to be known as the “State Forestry Fund”.
(b) The fund shall consist of:(1) Those special revenues as specified in § 19-42-201(6) and (18) excluding twenty-five percent (25%) of all other severance taxes as set out in § 19-42-201(18);(2) Fifty percent (50%) of the special revenues set out in § 19-42-201(26); and(3) Such general revenues as may be provided by law.
(1) Those special revenues as specified in § 19-42-201(6) and (18) excluding twenty-five percent (25%) of all other severance taxes as set out in § 19-42-201(18);
(2) Fifty percent (50%) of the special revenues set out in § 19-42-201(26); and
(3) Such general revenues as may be provided by law.
(c) The fund shall be used for the maintenance, operation, and improvement required by the Arkansas Forestry Commission in carrying out the functions, powers, and duties as set out in § 15-31-101 et seq., or other duties imposed by law upon the commission.