Browse Arkansas Code titles and sections
27-24-1008. Use of funds by college or university.
Arkansas Code — all titles (historical 2020) · legal_authorities
27-24-1008. Use of funds by college or university.
(a)(1)(A) A participating college or university shall use eighty-five percent (85%) of the funds received from the design-use contribution fee authorized under § 27-24-1005(b)(2) solely for academic or need-based scholarships.
(B) Procedures and criteria used to determine the distribution of the scholarships shall be established and followed by the college or university distributing the funds derived from the collegiate special license plate program.
(2) The college or university shall use the remaining fifteen percent (15%) of the received funds for either academic or need-based scholarships or for the administration and promotion of the collegiate special license plate program.
(b) Funds received from the collegiate special license plate program are supplementary and shall not be considered or used as income for purposes of reducing the general revenue appropriation to the college or university.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 27-24-1008
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:27-24-1008
Source file: gov.ar.code.title.27.odt
Pages: Not recorded – Not recorded
Passage SHA-256: cf2b4db68033daa8952b42bbc4db470168a65c2f40906783cb664a3c0d450253
Source location: content.xml paragraph 12092
Stored source content
27-24-1008. Use of funds by college or university.
(a)(1)(A) A participating college or university shall use eighty-five percent (85%) of the funds received from the design-use contribution fee authorized under § 27-24-1005(b)(2) solely for academic or need-based scholarships.
(B) Procedures and criteria used to determine the distribution of the scholarships shall be established and followed by the college or university distributing the funds derived from the collegiate special license plate program.
(2) The college or university shall use the remaining fifteen percent (15%) of the received funds for either academic or need-based scholarships or for the administration and promotion of the collegiate special license plate program.
(b) Funds received from the collegiate special license plate program are supplementary and shall not be considered or used as income for purposes of reducing the general revenue appropriation to the college or university.
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Arkansas Code — all titles (historical 2020) · legal_authorities
27-24-1005. Issuance — Renewal — Replacement.
(a) The owner of a motor vehicle who is a resident of the State of Arkansas may apply for and renew annually a special license plate under this subchapter.
(b) An applicant for a special license plate under this subchapter shall remit the following fees:
(1) The fee required by law for the registration and licensing of the motor vehicle;
(2) A fee not to exceed twenty-five dollars ($25.00) to cover the design-use contribution by the college or university or the Arkansas School for the Deaf or for fund-raising purposes; and
(3) A handling and administrative fee in the amount of ten dollars ($10.00).
(c) To renew a special license plate issued under this subchapter, the owner of the motor vehicle shall remit to the Department of Finance and Administration the fees stated in subsection (b) of this section.
(d) To replace a special license plate issued under this subchapter:
(1) The owner of the motor vehicle shall remit the fee stated in subdivision (b)(3) of this section if the registration has not expired; or
(2) The owner of the motor vehicle shall remit the fees stated in subsection (b) of this section if the registration has expired.
(e)(1) The department shall remit the fees collected under subdivision (b)(2) of this section on a monthly basis to the college or university or the Arkansas School for the Deaf depending on the school for which each special license plate was purchased.
(2) The department shall also provide to each participating college or university or the Arkansas School for the Deaf a list of persons who have paid for a special license plate under this subchapter relating to that entity.
(f)(1) The fee remitted under subdivision (b)(3) of this section shall be deposited into the Stat
Source: Arkansas Code — historical release 78 (November 6, 2020) · 27-24-1005
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 27-24-1005. This identifies an authority to review, not proof of applicability.