(a) All of the additional taxes, fees, penalties, and interest collected under §§ 26-56-201, 26-56-214, and 27-14-601 shall be classified as special revenues and shall be deposited into the State Treasury.
(b) After deducting the amount to be credited to the Constitutional Officers Fund and the State Central Services Fund as provided under 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.
(c) 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 26-56-215 26-56-216 26-56-217 26-56-218 26-56-219 26-56-220 26-56-221 26-56-222 26-56-223 26-56-224 26-56-225 26-56-226 26-56-227 26-56-228 26-56-229 NextLast modified: November 15, 2016