Arkansas § 15-22-808 - Arkansas Water Resources Cost Share Revolving Fund.
Full text of Arkansas Arkansas Code of 1987 Annotated § 15-22-808 — Arkansas Water Resources Cost Share Revolving Fund., with citation guidance and answers to common questions.
§ 15-22-808. Arkansas Water Resources Cost Share Revolving Fund.
The Arkansas Water Resources Cost Share Revolving Fund created under § 19-5-1042 is a depository for funds which may be appropriated or otherwise secured for cost-sharing with the federal government in local water resources development projects under this subchapter. The fund shall be used to: Provide loans or grants to local governments under this subchapter; and Pay the administrative costs of a water resources development project not to exceed twenty percent (20%) of the total cost of the water resources development project. Funds from the repayment of loans from the fund shall be returned to the fund and shall be reused in a manner consistent with the purpose of this subchapter. Loans from the fund shall be repaid in full at an interest rate up to the maximum allowed under the Arkansas Constitution. The terms and conditions of repayment of the loans for cost-sharing shall be specified and agreed to in writing before awarding the loan.
Source: official Arkansas text · Last verified 2026-08-27
Frequently Asked Questions About Arkansas § 15-22-808
What does Arkansas Code of 1987 Annotated § 15-22-808 cover?
Section 15-22-808 ("Arkansas Water Resources Cost Share Revolving Fund.") is part of the Arkansas Code of 1987 Annotated, the codified statutory law of Arkansas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Arkansas § 15-22-808?
A common citation format is "Arkansas Code of 1987 Annotated § 15-22-808" (Arkansas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Arkansas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Arkansas official source linked on this page or consult a licensed Arkansas attorney.
How does Arkansas § 15-22-808 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Arkansas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Arkansas.