26-37-302. Payment required.

Arkansas Code — all titles (historical 2020) · legal_authorities

26-37-302. Payment required.

26-37-302. Payment required. (a) To redeem tax-delinquent land with the county collector or the Commissioner of State Lands and to purchase tax-delinquent land at the Commissioner of State Lands' sale the redeemer or purchaser of tax-delinquent land shall pay all delinquent taxes, plus: (1) Ten percent (10%) simple interest for each year of delinquency; (2) A ten percent (10%) penalty for each year of the delinquency; and (3) The costs incurred by the county and the Commissioner of State Lands. (b) The penalties and interest shall accrue beginning on October 16 in the year of delinquency. (c) Payment to redeem tax-delinquent land under this section shall be made by cash or certified funds, including without limitation a credit card, debit card, electronic check, escrow check, money order, cashier's check, or certified bank check if the redemption occurs: (1) Within thirty (30) days before the date of the scheduled sale; or (2) During the redemption period following the sale. (d) The Commissioner of State Lands may approve additional forms of payment by promulgation of rule.

Source: Arkansas Code — historical release 78 (November 6, 2020) · 26-37-302

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.