26-80-404. Calculation of compliance with uniform rate of tax.

Arkansas Code — all titles (historical 2020) · legal_authorities

26-80-404. Calculation of compliance with uniform rate of tax.

26-80-404. Calculation of compliance with uniform rate of tax. (a) On or before October 1 of each year, the Division of Elementary and Secondary Education, in conjunction with the Assessment Coordination Division, shall monitor each school district's compliance with the uniform rate of tax. (b)(1) The Division of Elementary and Secondary Education and the Assessment Coordination Division shall determine compliance with the uniform rate of tax by analyzing the millage rate levied for maintenance and operation millage from the most recent school election in a school district in which the ad valorem tax rate was voted upon. (2) If the millage rate levied for maintenance and operation millage is equal to or greater than twenty-five (25) mills, then the school district is in compliance with the uniform rate of tax and Arkansas Constitution, Amendment 74.

Source: Arkansas Code — historical release 78 (November 6, 2020) · 26-80-404

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.