(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 'Future Transportation Research and Workforce Development Fund'.(b) The Future Transportation Research and Workforce Development Fund shall consist of: (1) If available after the deposit of the funds required under § 14-143-130, interest income received under § 27-70-204 up to a maximum amount of five hundred thousand dollars ($500,000) each year from the State Highway and Transportation Department Fund; and(2) Any other revenues authorized by law.(c) The Future Transportation Research and Workforce Development Fund shall be used by the Arkansas Department of Transportation for distributing grants under the Transportation-Related Research and Workforce Development Grant Program, § 27-65-145.Amended by Act 2021, No. 884,§ 1, eff. 7/28/2021.Added by Act 2017, No. 705,§ 2, eff. 8/1/2017.
Arkansas Legal Code