(a) All of the taxes, fees, penalties, and interest collected under the provisions of this chapter shall be classified as special revenues and shall be deposited into the State Treasury. After deducting therefrom the three percent (3%) for credit to the Constitutional Officers Fund and the State Central Services Fund as provided in the Revenue Stabilization Law, § 19-5-101 et seq., the Treasurer of State shall transfer on the last business day of each month:
(1) Fifteen percent (15%) of the amount thereof to the County Aid Fund;
(2) Fifteen percent (15%) of the amount thereof to the Municipal Aid Fund; and
(3) Seventy percent (70%) of the amount thereof to the State Highway and Transportation Department Fund.
(b) The funds shall be further disbursed in the same manner and used for the same purposes as set out in the Arkansas Highway Revenue Distribution Law, § 27-70-201 et seq.
Section: Previous 26-62-102 26-62-103 26-62-104 26-62-105 26-62-106 26-62-107 26-62-108 26-62-109 26-62-110 26-62-111 NextLast modified: November 15, 2016