Arkansas § 19-5-1126 Arkansas Public Transit Trust Fund

Arkansas Statutes

§ 19-5-1126 — Arkansas Public Transit Trust Fund

Arkansas § 19-5-1126

Title19

This text of Arkansas § 19-5-1126 (Arkansas Public Transit Trust 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. § 19-5-1126 (2026).

Text

(a)There is created 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 "Arkansas Public Transit Trust Fund".

(b)The fund shall consist of seventy-five percent (75%) of the net revenues derived from the additional rental vehicle tax imposed by § 26-63-302 .

(c)The fund shall be used by the Arkansas Department of Transportation for:

(1)The purpose of acquiring federal matching funds for the purchase of public transportation vehicles;

(2)Public transit equipment or facilities; and (3) The operation of the United States Department of Transportation Federal Transit Administration assistance programs.

Free access — add to your briefcase to read the full text and ask questions with AI

(a) There is created 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 "Arkansas Public Transit Trust Fund". (b) The fund shall consist of seventy-five percent (75%) of the net revenues derived from the additional rental vehicle tax imposed by § 26-63-302 . (c) The fund shall be used by the Arkansas Department of Transportation for: (1) The purpose of acquiring federal matching funds for the purchase of public transportation vehicles; (2) Public transit equipment or facilities; and (3) The operation of the United States Department of Transportation Federal Transit Administration assistance programs.

Legislative History

Amended by Act 2017, No. 707,§ 52, eff. 8/1/2017. Acts 2003 (1st Ex. Sess.), No. 55, § 18; 2007, No. 182, § 16; 2007, No. 1032, § 29; 2007, No. 1201, § 29.