3-5-907. Payments — Amount.

Arkansas Code — all titles (historical 2020) · legal_authorities

3-5-907. Payments — Amount.

3-5-907. Payments — Amount. (a) Grant payments as authorized in this subchapter shall be made by the Secretary of the Department of Finance and Administration from moneys appropriated by the General Assembly for that purpose at each regular session and fiscal session of the General Assembly. (b)(1) Grant funds awarded shall be distributed equally to each winery at a base amount not to exceed five hundred dollars ($500), with any remaining balance of the grant to be divided among each grantee according to the same ratio as the wine taxes paid in the previous calendar year by the grantee not to exceed one hundred twenty-five thousand dollars ($125,000) annually to any one (1) winery, as determined by the Chief Fiscal Officer of the State. (2) If a winery reaches the annual grant limit under subdivision (b)(1) of this section, the remainder of the grant funds shall be distributed among the remaining eligible wineries. (c) Applications for grants shall be submitted to the Chief Fiscal Officer of the State on or by the 15th of June.

Source: Arkansas Code — historical release 78 (November 6, 2020) · 3-5-907

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.