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14-57-712. Disposition of proceeds.
Arkansas Code — all titles (historical 2020) · legal_authorities
14-57-712. Disposition of proceeds.
(a) All tax, interest, and penalties collected under the provisions of this subchapter shall be deposited in a separate bank account to be maintained by the city or town. From the proceeds shall be paid the cost of duplicate receipts and windshield stickers.
(b) All proceeds remaining after the payment of the expenses shall be used as follows:
(1) Fifty percent (50%) of the proceeds shall be used for the payment of salaries of law enforcement personnel and personnel of the fire department; and
(2) Fifty percent (50%) of the proceeds shall be used for the maintenance, construction, and reconstruction of streets and other public ways in the town or municipality.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 14-57-712
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:14-57-712
Source file: gov.ar.code.title.14.odt
Pages: Not recorded – Not recorded
Passage SHA-256: e4c6655ad493293f849e7fc7220a763565f2f877b2555b3b8cdbe6654baee512
Source location: content.xml paragraph 18341
Stored source content
14-57-712. Disposition of proceeds.
(a) All tax, interest, and penalties collected under the provisions of this subchapter shall be deposited in a separate bank account to be maintained by the city or town. From the proceeds shall be paid the cost of duplicate receipts and windshield stickers.
(b) All proceeds remaining after the payment of the expenses shall be used as follows:
(1) Fifty percent (50%) of the proceeds shall be used for the payment of salaries of law enforcement personnel and personnel of the fire department; and
(2) Fifty percent (50%) of the proceeds shall be used for the maintenance, construction, and reconstruction of streets and other public ways in the town or municipality.
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