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  1. (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 Athletic Commission Fund”.

  2. (b)

    1. (1) The fund shall consist of those fees set out in § 17-22-101 et seq.

    2. (2) The fund shall be used for those purposes set out in § 17-22-101 et seq.