(a) There is established on the books of the Treasurer of State, the Auditor of State, and the Chief Fiscal Officer of the State a fund to be known as the 'Educational Excellence Trust Fund'.(b) The fund shall consist of those additional revenues enacted by the Seventy-Eighth General Assembly meeting in regular session, the phrase 'those additional revenues' being limited to any increases enacted in those taxes classified as general revenues in the Revenue Classification Law, § 19-6-101 et seq., there to be distributed to the various funds and fund accounts as set out in § 6-5-301 et seq.Acts 1987, No. 928, § 5; 1991, No. 10, § 1; 1993, No. 1073, § 7.
Arkansas Legal Code