Arkansas Code § 26-36-316 - Disposition of Proceeds Collected

(a) Upon effecting final setoff, the Revenue Division of the Department of Finance and Administration shall periodically write checks to the respective claimant agencies for the net proceeds collected on their behalf.

(b) (1) (A) For purposes of this subchapter, except as provided under subdivision (b)(1)(B) of this section, five percent (5%) of the proceeds collected by the division through setoff shall represent the division's cost of effecting setoff, and these costs shall be charged to the respective claimant agency as a collection assistance fee.

(B) If the claimant agency is a circuit court, county court, district court, or city court, or a housing authority created under ยง 14-169-101 et seq., ten percent (10%) of the proceeds collected by the division through setoff shall represent the division's cost of effecting setoff and shall be charged to the respective circuit court, county court, district court, or city court, or housing authority as a collection assistance fee.

(2) The collection assistance fees paid to the division shall be deposited into the State Treasury for credit to the Constitutional Officers Fund and the State Central Services Fund.

Section: Previous  26-36-308  26-36-309  26-36-310  26-36-311  26-36-312  26-36-313  26-36-314  26-36-315  26-36-316  26-36-317  26-36-318  26-36-319  26-36-320  26-36-321    Next

Last modified: November 15, 2016