Arkansas § 19-5-1038 Revenue Local Tax Revolving Fund

Arkansas Statutes

§ 19-5-1038 — Revenue Local Tax Revolving Fund

Arkansas § 19-5-1038

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This text of Arkansas § 19-5-1038 (Revenue Local Tax Revolving Fund) is published on Counsel Stack Legal Research, covering Arkansas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ark. Code Ann. § 19-5-1038 (2026).

Text

(a)There is established on the books of the Treasurer of State, the Auditor of State, and the Chief Fiscal Officer of the State a fund to be known as the "Revenue Local Tax Revolving Fund".

(b)The fund shall consist of income taxes or any taxes not otherwise prohibited by law levied by counties or municipalities and for which the collection and administration of such taxes are performed by the state, as authorized in § 26-73-105 , there to be transmitted at least quarterly in each state fiscal year to the local government levying the tax, all as set out in §§ 26-73-101 - 26-73-109 .

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(a) There is established on the books of the Treasurer of State, the Auditor of State, and the Chief Fiscal Officer of the State a fund to be known as the "Revenue Local Tax Revolving Fund". (b) The fund shall consist of income taxes or any taxes not otherwise prohibited by law levied by counties or municipalities and for which the collection and administration of such taxes are performed by the state, as authorized in § 26-73-105 , there to be transmitted at least quarterly in each state fiscal year to the local government levying the tax, all as set out in §§ 26-73-101 - 26-73-109 .