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27-72-407. State Aid Street Fund.
Arkansas Code — all titles (historical 2020) · legal_authorities
27-72-407. State Aid Street Fund.
(a) There is created in the State Treasury a fund to be known as the “State Aid Street Fund”, there to be used for construction, reconstruction, and improvements of the state aid street system.
(b)(1) All revenues deposited in the fund shall be apportioned to the municipalities as prescribed in § 27-72-413 for the distribution on the state aid street system among the various municipalities.
(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 fund for redistribution in accordance with § 27-72-413.
(4)(A) For a municipality to receive these funds, the municipality must be matched in the ratio of ninety percent (90%) of moneys from the fund to not less than ten percent (10%) municipal matching funds for all municipalities with a population in excess of twenty-five thousand (25,000) residents.
(B) For all other municipalities, the state aid street project shall be funded at one hundred percent (100%), and all municipalities receiving moneys from the fund shall comply with the provisions of this subchapter.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 27-72-407
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:27-72-407
Source file: gov.ar.code.title.27.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 84d9c93c119749ffb830e5377aa93f67ff06d3e6290c1d61a3b8584e7cf45e0f
Source location: content.xml paragraph 24883
Stored source content
27-72-407. State Aid Street Fund.
(a) There is created in the State Treasury a fund to be known as the “State Aid Street Fund”, there to be used for construction, reconstruction, and improvements of the state aid street system.
(b)(1) All revenues deposited in the fund shall be apportioned to the municipalities as prescribed in § 27-72-413 for the distribution on the state aid street system among the various municipalities.
(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 fund for redistribution in accordance with § 27-72-413.
(4)(A) For a municipality to receive these funds, the municipality must be matched in the ratio of ninety percent (90%) of moneys from the fund to not less than ten percent (10%) municipal matching funds for all municipalities with a population in excess of twenty-five thousand (25,000) residents.
(B) For all other municipalities, the state aid street project shall be funded at one hundred percent (100%), and all municipalities receiving moneys from the fund shall comply with the provisions of this subchapter.
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Arkansas Code — all titles (historical 2020) · legal_authorities
27-72-413. Allocation of state aid — State Aid Street Committee established.
(a) State aid streets in the several municipalities shall receive state aid in the manner and under the terms and conditions set out in this section.
(b) The state aid street system shall be allocated to the several municipalities of the state by the State Aid Street Committee.
(c)(1) The committee shall be established to select the state aid street projects for submittal to the state aid engineer for funding and construction pursuant to the provisions of this subchapter.
(2)(A) The committee shall consist of nine (9) mayors to be appointed as follows:
(i) Three (3) mayors appointed by the Governor;
(ii) Three (3) mayors appointed by the Speaker of the House of Representatives; and
(iii) Three (3) mayors appointed by the President Pro Tempore of the Senate.
(B) The Governor, the Speaker of the House of Representatives, and the President Pro Tempore of the Senate shall each appoint at least one (1) mayor from a municipality with a population in excess of twenty-five thousand (25,000).
(3)(A) Each appointed mayor shall serve a term of four (4) years.
(B) A mayor shall be eligible to serve two (2) full terms of four (4) years on the committee.
(C) Committee members shall serve staggered terms.
(D) Should a mayor selected for the committee leave office before the end of his or her term, the party who made the original nomination shall appoint a successor mayor to serve the remainder of the term.
(4) The committee shall select a chair and a vice chair by majority vote to serve a term of one (1) year.
(5) A quorum is necessary to transact the business of the committee.
(6) The committee shall meet at least two (2) times each calendar year.
(d) The committee may establi
Source: Arkansas Code — historical release 78 (November 6, 2020) · 27-72-413
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 27-72-413. This identifies an authority to review, not proof of applicability.