(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 “Arkansas Retirement Community Program Fund Account”.
(b) The Arkansas Retirement Community Program Fund Account shall consist of:(1) Those special revenues as specified in § 19-42-201(243); and(2) Any other revenues as may be authorized by law.
(1) Those special revenues as specified in § 19-42-201(243); and
(2) Any other revenues as may be authorized by law.
(c) The Arkansas Retirement Community Program Fund Account shall be used by the Arkansas Economic Development Institute for payment of administrative and personnel costs and other costs of the Arkansas Association of Development Organizations associated with administering the Arkansas Retirement Community Program, as set out in the Arkansas Retirement Community Program Act, § 15-14-101 et seq.