Ark. Code Ann. § 19-5-1005 (2026)

1. 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 “Development and Enhancement Fund”.
2. The Development and Enhancement Fund shall consist of those special revenues specified in § 19-6-301(171) and any other funds made available by the General Assembly from time to time.
3. The Development and Enhancement Fund shall be used to provide financing of various projects authorized by the General Assembly and to make temporary loans or provide funding for appropriations authorized by the General Assembly.
4. The Development and Enhancement Fund shall be the successor fund to the General Improvement Fund for the payment of any outstanding balances, warrants, and reappropriations enacted by the General Assembly previously payable from the General Improvement Fund.

History. Acts 1973, No. 750, § 7; A.S.A. 1947, § 13-523; Acts 1991, No. 786, § 32; 2003 (1st Ex. Sess.), No. 55, § 19; 2019, No. 82, § 11.

A.C.R.C. Notes. Identical Acts 2016, Nos. 242 and 270, § 5, provided: “FUNDING TRANSFER. Immediately upon the effective date of this act, the Chief Fiscal Officer of the State shall transfer on his or her books and those of the State Treasurer and the Auditor of the State the sum of fifty million dollars ($50,000,000) from the unobligated funds in the General Improvement Fund to supplement the fund established as a set-aside in the 90th Session Projects Account of the General Improvement Fund in Section 3 (a) (11) of Act 1147 of 2015 of the General Improvement Distribution Act, for transfers, from time to time, to any fund or fund account authorized by the General Assembly, or for transfers, from time to time, for projects in the Executive Discretionary Division authorized in subsection (d) of Section 3 of Act 1147 of 2015, upon approval by the Arkansas Legislative Council or Joint Budget Committee.”

Acts 2019, No. 82, § 1, provided: “Legislative intent.

It is the intent of the General Assembly that the creation of the Development and Enhancement Fund is necessary to provide a mechanism to disburse funds for:

“(1) Various construction and improvement projects;

“(2) Unforeseen needs;

“(3) Funding deficiencies; and

“(4) The completion of projects previously funded by the General Assembly”.

Amendments. The 2019 amendment substituted “Development and Enhancement Fund” for “General Improvement Fund” in the section heading and (a); substituted "Development and Enhancement Fund" for "fund" in (b); substituted “or provide funding for appropriations authorized by the General Assembly” for “to funds receiving general revenue as set out in § 19-5-302” in (c); and added (d).