19-7-902. Agreements for payments by United States in lieu of taxes.

Arkansas Code — all titles (historical 2020) · legal_authorities

19-7-902. Agreements for payments by United States in lieu of taxes.

19-7-902. Agreements for payments by United States in lieu of taxes. (a) The county judge of any county in this state is authorized and empowered to make requests of the United States, for and on behalf of the county and the political subdivisions whose jurisdictional limits are within or coextensive with the limits of the county, for the payment of such sums in lieu of taxes as the United States may agree to pay. The county judge may enter into agreements with the United States in the name of the county for the performance of services by the county and such political subdivisions for the benefit of the project and for the payment by the United States to the county, in one (1) or more installments, of such sums in lieu of taxes. (b) Each political subdivision shall participate in such funds in proportion to the prevailing local tax involved on such property.

Source: Arkansas Code — historical release 78 (November 6, 2020) · 19-7-902

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.