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22-4-312. Bonds for construction of Arkansas Museum of Natural Resources.
Arkansas Code — all titles (historical 2020) · legal_authorities
22-4-312. Bonds for construction of Arkansas Museum of Natural Resources.
(a) The State Parks, Recreation, and Travel Commission may, in accordance with the provisions of this subchapter, issue bonds in an amount not to exceed two million dollars ($2,000,000) for the purpose of providing funds for the construction of the Arkansas Museum of Natural Resources as provided for in §§ 13-5-401 — 13-5-404 and 26-58-301 and, to secure the bonds, may pledge all funds derived from a fee of twenty (20) mills per barrel of oil produced in this state and a fee of ten cents (10¢) per one thousand (1,000) barrels of brine produced in this state for the purpose of bromine extraction as provided in § 26-58-303.
(b) Bonds so issued shall not constitute an indebtedness of the commission or of the State of Arkansas within the meaning of any constitutional or statutory limitation, and this shall be so stated on the face of each bond.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 22-4-312
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:22-4-312
Source file: gov.ar.code.title.22.odt
Pages: Not recorded – Not recorded
Passage SHA-256: a5226acc882cd2105dfa8525e55697e99f48db0662bd510f7cbc1d013b7ee96e
Source location: content.xml paragraph 3684
Stored source content
22-4-312. Bonds for construction of Arkansas Museum of Natural Resources.
(a) The State Parks, Recreation, and Travel Commission may, in accordance with the provisions of this subchapter, issue bonds in an amount not to exceed two million dollars ($2,000,000) for the purpose of providing funds for the construction of the Arkansas Museum of Natural Resources as provided for in §§ 13-5-401 — 13-5-404 and 26-58-301 and, to secure the bonds, may pledge all funds derived from a fee of twenty (20) mills per barrel of oil produced in this state and a fee of ten cents (10¢) per one thousand (1,000) barrels of brine produced in this state for the purpose of bromine extraction as provided in § 26-58-303.
(b) Bonds so issued shall not constitute an indebtedness of the commission or of the State of Arkansas within the meaning of any constitutional or statutory limitation, and this shall be so stated on the face of each bond.
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Arkansas Code — all titles (historical 2020) · legal_authorities
13-5-401. Museum established.
The State Parks Division is authorized and directed to establish a state historical museum in Union County to be known and operated as the “Arkansas Museum of Natural Resources”.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 13-5-401
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. The source passage cites 13-5-401. This identifies an authority to review, not proof of applicability.
Arkansas Code — all titles (historical 2020) · legal_authorities
13-5-404. [Repealed.]
Source: Arkansas Code — historical release 78 (November 6, 2020) · 13-5-404
Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: repealed. The source passage cites 13-5-404. This identifies an authority to review, not proof of applicability.
Arkansas Code — all titles (historical 2020) · legal_authorities
26-58-301. Levy for benefit of Arkansas Museum of Natural Resources Fund.
(a)(1) In addition to the severance tax on oil produced in the State of Arkansas and levied in § 26-58-111(6), there is levied an additional tax of five (5) mills per barrel of oil produced in this state.
(2) All taxes, interest, and penalties collected by the Revenue Division of the Department of Finance and Administration under this subsection shall be deposited into the State Treasury as special revenues, and the Treasurer of State after deducting from these special revenues the three percent (3%) provided by law for credit to the Constitutional Officers Fund and the State Central Services Fund shall credit the net amount to the Arkansas Museum of Natural Resources Fund to be used for the construction, maintenance, operation, and improvement of the Arkansas Museum of Natural Resources.
(b)(1) There is levied upon all brine produced in the state for the purpose of bromine extraction a tax of twenty cents (20¢) per one thousand (1,000) barrels.
(2) The taxes levied in this subsection shall be reported and remitted monthly to the Secretary of the Department of Finance and Administration on such forms and in such manner as the secretary shall prescribe by rules.
(3) All revenues collected by the secretary under the tax levied in this subsection shall be deposited into the State Treasury as special revenues, and the Treasurer of State after deducting from these special revenues the three percent (3%) provided by law for credit to the Constitutional Officers Fund and the State Central Services Fund shall credit the net amount to the Arkansas Museum of Natural Resources Fund to be used for the construction, maintenance, operation, and improvement of the Arkansas Museum of Natural Resources.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 26-58-301
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 26-58-301. This identifies an authority to review, not proof of applicability.
Arkansas Code — all titles (historical 2020) · legal_authorities
26-58-303. Levy for benefit of Arkansas Museum of Natural Resources Bond Redemption Fund.
(a)(1) There is levied a fee of twenty (20) mills on each barrel of oil produced in this state.
(2) The fee shall be reported and paid monthly to the Secretary of the Department of Finance and Administration by each producer of oil in such manner and upon such forms as the secretary shall prescribe.
(b)(1) There is levied a fee of ten cents (10¢) per one thousand (1,000) barrels on all brine produced in this state for the purpose of bromine extraction.
(2) The fee shall be reported and paid monthly to the secretary by each producer of brine and oil in such manner and upon such forms as the secretary shall prescribe.
(c)(1) Funds collected by the secretary under this section are classified as cash fund receipts, and the full amount of the funds shall be deposited into one (1) or more accounts in one (1) or more banks in this state, to be designated by the Department of Finance and Administration, which account or accounts shall be designated the “Arkansas Museum of Natural Resources Bond Redemption Fund”.
(2) All funds in the fund shall be used exclusively for the payment of principal and interest on bonds issued by the Oil and Gas Commission or the Arkansas Pollution Control and Ecology Commission pursuant to the authority granted herein, and for paying agent's fees and other expenses of the issuance and sale of such bonds.
(d) The fees levied by this section shall be in addition to any and all other fees levied on oil and brine produced in this state.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 26-58-303
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 26-58-303. This identifies an authority to review, not proof of applicability.