Browse Arkansas Code titles and sections
17-17-401. Auctioneer Education and Recovery Fund.
Arkansas Code — all titles (historical 2020) · legal_authorities
17-17-401. Auctioneer Education and Recovery Fund.
(a) The Auctioneer's Licensing Board shall establish a separate high interest bearing account in a bank located in this state. The account shall be referred to as the “Auctioneer Education and Recovery Fund” and shall only be used for education and recovery purposes as detailed in this chapter.
(b) The fees collected under § 17-17-404 shall be deposited into the fund.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 17-17-401
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:17-17-401
Source file: gov.ar.code.title.17.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 2460b8883f95fe18b813e2311b0f426758450221f984a108f84965de32faf9fb
Source location: content.xml paragraph 3807
Stored source content
17-17-401. Auctioneer Education and Recovery Fund.
(a) The Auctioneer's Licensing Board shall establish a separate high interest bearing account in a bank located in this state. The account shall be referred to as the “Auctioneer Education and Recovery Fund” and shall only be used for education and recovery purposes as detailed in this chapter.
(b) The fees collected under § 17-17-404 shall be deposited into the fund.
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Arkansas Code — all titles (historical 2020) · legal_authorities
17-17-404. Additional fee.
(a) Except as provided in subsection (b) of this section, each auctioneer shall pay to the Auctioneer's Licensing Board at the time of initial licensure and at each annual renewal a fee as the board may require, not to exceed one hundred dollars ($100). This fee shall be in addition to the other fees provided for in this chapter.
(b) When the balance in the Auctioneer Education and Recovery Fund reaches one hundred eighty thousand dollars ($180,000), the fee shall be suspended until the fund balance falls to one hundred thousand dollars ($100,000) at which time the collection of the fee shall resume until the fund balance reaches one hundred eighty thousand dollars ($180,000).
Source: Arkansas Code — historical release 78 (November 6, 2020) · 17-17-404
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 17-17-404. This identifies an authority to review, not proof of applicability.