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14-168-313. Payments in lieu of taxes and other revenues.
Arkansas Code — all titles (historical 2020) · legal_authorities
14-168-313. Payments in lieu of taxes and other revenues.
(a) The local governing body may elect to deposit into the special fund of the redevelopment district all or any portion of payments in lieu of taxes on property within the redevelopment district, including that portion of the payments in lieu of taxes that would have been distributed to other local political subdivisions under § 14-164-703.
(b) Other revenues to be derived from the redevelopment project may also be deposited into the special fund at the direction of the local governing body.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 14-168-313
Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. A text match is a research starting point; applicability is not established.
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Record provenance
Stable record: arkansas_code:legal_authorities:14-168-313
Source file: gov.ar.code.title.14.odt
Pages: Not recorded – Not recorded
Passage SHA-256: ae95c9fb68ce1302e5b742d47f0ed03913320b6592a5051a574e734a5eb6cc07
Source location: content.xml paragraph 39472
Stored source content
14-168-313. Payments in lieu of taxes and other revenues.
(a) The local governing body may elect to deposit into the special fund of the redevelopment district all or any portion of payments in lieu of taxes on property within the redevelopment district, including that portion of the payments in lieu of taxes that would have been distributed to other local political subdivisions under § 14-164-703.
(b) Other revenues to be derived from the redevelopment project may also be deposited into the special fund at the direction of the local governing body.
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Arkansas Code — all titles (historical 2020) · legal_authorities
14-164-703. Payments in lieu of taxes.
(a) If the Arkansas Development Finance Authority or a county or municipality in the state and a lessee under a lease or a purchaser under a contract for sale enter into an agreement for payments in lieu of ad valorem taxes, each agreement shall provide, or under this subchapter shall be interpreted as providing, that all in-lieu-of-taxes payments shall be distributed to the local political subdivisions that would have received ad valorem tax payments on the industrial facilities if the interest involved had not been exempt from ad valorem taxes in the proportions that the millage levied by each affected local political subdivision bears to the millage levied by all affected political subdivisions, unless all such local political subdivisions, including without limitation the affected school district or districts, shall otherwise agree.
(b) This section does not affect the rights or obligations of any of the parties to an agreement under this subchapter that exists on the date of enactment of this subchapter providing for payments in lieu of ad valorem taxes.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 14-164-703
Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. The source passage cites 14-164-703. This identifies an authority to review, not proof of applicability.