§ 19-5-1115 - Arkansas Healthy Century Trust Fund.

19-5-1115. Arkansas Healthy Century Trust Fund.

(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 Arkansas Healthy Century Trust Fund.

(b) (1) This fund shall consist of an initial principal amount of $100,000,000 of tobacco settlement funds as provided in 19-12-104 and interest earnings.

(2) The fund shall be used for those programs set out in 19-12-107, administered by the State Board of Finance.