Arkansas Code § 14-16-113 - Sale Proceeds Paid Into County Road Fund

Upon the sale of county property which the county purchased with funds from the county road fund, the proceeds of the sale shall be paid into the county road fund. If, in addition to county road funds, other funds were used by the county to purchase the property, then the amount to be paid into the county road fund shall be a portion of the proceeds determined by using the ratio of the amount of county road funds used by the county in purchasing the property to the full purchase price paid by the county.

Section: Previous  14-16-104  14-16-105  14-16-106  14-16-107  14-16-108  14-16-109  14-16-110  14-16-111  14-16-112  14-16-113  14-16-114  14-16-115  14-16-116  14-16-117    Next

Last modified: November 15, 2016