(a) The Securities Commissioner shall make grant payments under this subchapter from:
(1) Funds appropriated by the General Assembly for that purpose; or
(2) Excess funds transferred under § 20-17-1025(f) to the Insolvent Cemetery Grant Fund from the Insolvent Cemetery Loan Fund.
(b) The Arkansas Cemetery Board shall not grant more than thirty-five thousand dollars ($35,000) in a fiscal year to an eligible organization for the care and improvement of a perpetual care cemetery that is insolvent or in financial distress under this subchapter.
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