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24-8-318. Additional funding sources for retirement benefits.
Arkansas Code — all titles (historical 2020) · legal_authorities
24-8-318. Additional funding sources for retirement benefits.
(a) In addition to the funds for the municipal court judges and clerk retirement fund provided for by § 16-10-308(a)-(d), if the city council or quorum court determines by actuarial valuation that funding is inadequate to meet the financial objective of paying for current and any projected retirement funding obligations, a municipality or county may also add to retirement funding by city ordinance or county ordinance any or all of the following moneys:
(1)(A) Up to five percent (5%) of all fines and forfeitures collected by the district court or by the city or county for violations of municipal ordinances, county ordinances, or state laws.
(B) This five percent (5%) shall not be taken from:
(i) Court costs collected; and
(ii) Fines and forfeitures collected for violations of state laws that are designated by law as payable to state agencies or entities;
(2) An annual contribution from the city's general fund in an amount recommended by actuarial valuation to meet its projected financial obligation; and
(3) A one-time or occasional lump-sum payment from the city's general fund in an amount determined by the city's governing body, along with any payments or contributions from the county when the city and county share expenses and costs of a countywide court.
(b) All ordinances passed pursuant to this section shall remain in full force and effect.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 24-8-318
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:24-8-318
Source file: gov.ar.code.title.24.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 7300c0855b87ecbcb76105f4f9e0043fe319fcbfc4e95c55f1f3e2c8512cd1c1
Source location: content.xml paragraph 8975
Stored source content
24-8-318. Additional funding sources for retirement benefits.
(a) In addition to the funds for the municipal court judges and clerk retirement fund provided for by § 16-10-308(a)-(d), if the city council or quorum court determines by actuarial valuation that funding is inadequate to meet the financial objective of paying for current and any projected retirement funding obligations, a municipality or county may also add to retirement funding by city ordinance or county ordinance any or all of the following moneys:
(1)(A) Up to five percent (5%) of all fines and forfeitures collected by the district court or by the city or county for violations of municipal ordinances, county ordinances, or state laws.
(B) This five percent (5%) shall not be taken from:
(i) Court costs collected; and
(ii) Fines and forfeitures collected for violations of state laws that are designated by law as payable to state agencies or entities;
(2) An annual contribution from the city's general fund in an amount recommended by actuarial valuation to meet its projected financial obligation; and
(3) A one-time or occasional lump-sum payment from the city's general fund in an amount determined by the city's governing body, along with any payments or contributions from the county when the city and county share expenses and costs of a countywide court.
(b) All ordinances passed pursuant to this section shall remain in full force and effect.
Cross-references
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Arkansas Code — all titles (historical 2020) · legal_authorities
16-10-308. City administration of justice fund.
(a)(1) There is hereby created in each town or city which operates a district court a fund in the office of the city treasurer to be known as the “city administration of justice fund”.
(2)
(A) A town or city operating a city court that becomes a department of district court shall continue to maintain the city administration of justice fund as originally established by this section.
(B) The city administration of justice fund of any town or city shall cease to exist on and after the effective date of the ordinance that abolishes the department of district court for that town or city pursuant to state law.
(b) The city administration of justice fund shall be used to defray a part of the expense of the administration of justice in the town or city. From the fund, the town or city shall continue to finance the following town or city agencies and programs which are currently funded, in whole or in part, by filing fees and court costs, at a funding level equal to not less than the greater of the amount which was collected by the town or city from court costs and filing fees for the agency or program in the calendar year ending December 31, 1994, or the amount appropriated by ordinance enacted prior to December 31, 1994, to the agency or program for the calendar year ending December 31, 1995:
(1) The municipal court judge and clerk retirement fund for disbursement as otherwise provided by law;
(2) The police and fire pension fund;
(3) The intoxication detection equipment fund;
(4) All municipal-level programs and agencies funded in whole or in part by court costs and filing fees assessed and collected by the district court, notwithstanding the repeal by this act of laws authorizing the collection of court costs a
Source: Arkansas Code — historical release 78 (November 6, 2020) · 16-10-308
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 16-10-308. This identifies an authority to review, not proof of applicability.