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27-72-305. State Aid Road Fund.
Arkansas Code — all titles (historical 2020) · legal_authorities
27-72-305. State Aid Road Fund.
(a)(1) There is created in the State Treasury a fund to be known as the State Aid Road Fund, to which the Treasurer of State shall transfer one hundred percent (100%) of the revenues credited to the State Highway Special Construction Account of the State Highway and Transportation Department Fund each month until an aggregate total of thirteen million dollars ($13,000,000) each fiscal year is so transferred, there to be used for construction, reconstruction, and improvements of the state aid road system.
(2)(A) For the fiscal year beginning July 1, 2000, the limitation on the transfer of funds in this subsection (a) shall be increased to fifteen million dollars ($15,000,000);
(B) For the fiscal year beginning July 1, 2001, the limitation on the transfer of funds in this subsection (a) shall be increased to seventeen million dollars ($17,000,000);
(C) For the fiscal year beginning July 1, 2002, the limitation on the transfer of funds in this subsection (a) shall be increased to nineteen million dollars ($19,000,000); and
(D) For the fiscal year beginning July 1, 2003, and for all fiscal years thereafter, there shall be no limitation on the transfer of funds to the State Aid Road Fund.
(b)(1) All revenues deposited in the State Aid Road Fund shall be apportioned to each county as prescribed in § 27-72-309 for the distribution of mileage on the state aid road system among the various counties.
(2) The apportioned funds shall remain for a period of two (2) years from the date they are apportioned.
(3) Any unused funds shall be returned to the State Aid Road Fund for redistribution in accordance with the above formula.
(4) For a county to receive these funds, they must be matched in the ratio of ninety percent (90%) state aid
Source: Arkansas Code — historical release 78 (November 6, 2020) · 27-72-305
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:27-72-305
Source file: gov.ar.code.title.27.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 9a3357c213b705ef1bd3dcc347368166080bf2bcbd6b7222a936ab880b4a93fa
Source location: content.xml paragraph 24553
Stored source content
27-72-305. State Aid Road Fund.
(a)(1) There is created in the State Treasury a fund to be known as the State Aid Road Fund, to which the Treasurer of State shall transfer one hundred percent (100%) of the revenues credited to the State Highway Special Construction Account of the State Highway and Transportation Department Fund each month until an aggregate total of thirteen million dollars ($13,000,000) each fiscal year is so transferred, there to be used for construction, reconstruction, and improvements of the state aid road system.
(2)(A) For the fiscal year beginning July 1, 2000, the limitation on the transfer of funds in this subsection (a) shall be increased to fifteen million dollars ($15,000,000);
(B) For the fiscal year beginning July 1, 2001, the limitation on the transfer of funds in this subsection (a) shall be increased to seventeen million dollars ($17,000,000);
(C) For the fiscal year beginning July 1, 2002, the limitation on the transfer of funds in this subsection (a) shall be increased to nineteen million dollars ($19,000,000); and
(D) For the fiscal year beginning July 1, 2003, and for all fiscal years thereafter, there shall be no limitation on the transfer of funds to the State Aid Road Fund.
(b)(1) All revenues deposited in the State Aid Road Fund shall be apportioned to each county as prescribed in § 27-72-309 for the distribution of mileage on the state aid road system among the various counties.
(2) The apportioned funds shall remain for a period of two (2) years from the date they are apportioned.
(3) Any unused funds shall be returned to the State Aid Road Fund for redistribution in accordance with the above formula.
(4) For a county to receive these funds, they must be matched in the ratio of ninety percent (90%) state aid road funds to not less than ten percent (10%) county matching funds, and the county must comply with all provisions of this subchapter.
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Arkansas Code — all titles (historical 2020) · legal_authorities
27-72-309. Allocation of state aid.
(a) State aid roads in the several counties shall receive state aid in the manner and under the terms and conditions set out in this subchapter.
(b) The state aid system shall be allocated to the several counties of the state on a mileage basis in the following proportions:
(1) Fifty percent (50%) to be divided equally among the seventy-five (75) counties;
(2) Twenty-five percent (25%) to be divided in the proportion that the area of each county bears to the area of the state; and
(3) Twenty-five percent (25%) to be divided in the proportion that the rural population of each county bears to the rural population of the state as shown by the most recent federal decennial census.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 27-72-309
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 27-72-309. This identifies an authority to review, not proof of applicability.