Browse Arkansas Code titles and sections
19-5-986. Arkansas State Parks Trust Fund.
Arkansas Code — all titles (historical 2020) · legal_authorities
19-5-986. Arkansas State Parks Trust Fund.
(a) There is created 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 State Parks Trust Fund”, there to be used by the State Parks, Recreation, and Travel Commission as appropriations are available. The commission shall annually expend at least ninety percent (90%) of the funds available for the purpose of development, preservation, and protection of the infrastructure in the existing state parks of Arkansas.
(b) The fund shall consist of severance taxes collected from diamond mining pursuant to § 26-58-107.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 19-5-986
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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Stable record: arkansas_code:legal_authorities:19-5-986
Source file: gov.ar.code.title.19.odt
Pages: Not recorded – Not recorded
Passage SHA-256: cfae021f1a6f5aa1a17b2166bc4e6ec6a856c9836d64bea6341f84d0586527c6
Source location: content.xml paragraph 7180
Stored source content
19-5-986. Arkansas State Parks Trust Fund.
(a) There is created 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 State Parks Trust Fund”, there to be used by the State Parks, Recreation, and Travel Commission as appropriations are available. The commission shall annually expend at least ninety percent (90%) of the funds available for the purpose of development, preservation, and protection of the infrastructure in the existing state parks of Arkansas.
(b) The fund shall consist of severance taxes collected from diamond mining pursuant to § 26-58-107.
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Arkansas Code — all titles (historical 2020) · legal_authorities
26-58-107. Levy of tax.
(a) There is levied and there shall be collected from each producer of natural resources and each producer of timber in the State of Arkansas, a privilege or license tax to be known as “severance tax”.
(b) The severance tax is to be paid to the Secretary of the Department of Finance and Administration.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 26-58-107
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 26-58-107. This identifies an authority to review, not proof of applicability.