Arkansas § 2-20-802 Penalties

Arkansas Statutes

§ 2-20-802 — Penalties

Arkansas § 2-20-802

Title2

This text of Arkansas § 2-20-802 (Penalties) 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. § 2-20-802 (2026).

Text

(a)(1) Any buyer who fails to file a report or pay any assessment within the required time set by the Secretary of the Department of Finance and Administration shall forfeit to the secretary a penalty of five percent (5%) of the assessment determined to be due plus one percent (1%) for each month of delay, or fraction of a month, after the first month after the report was required to be filed or the assessment became due.

(2)The penalty shall be paid to the secretary and shall be disposed of by him or her in the same manner as funds derived from the payment of the assessment imposed in this subchapter.

(b)The secretary shall collect the penalty levied in this section, together with the delinquent assessment, by any or all of the following methods:

(1)Voluntary payment by the person lia

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(a) (1) Any buyer who fails to file a report or pay any assessment within the required time set by the Secretary of the Department of Finance and Administration shall forfeit to the secretary a penalty of five percent (5%) of the assessment determined to be due plus one percent (1%) for each month of delay, or fraction of a month, after the first month after the report was required to be filed or the assessment became due. (2) The penalty shall be paid to the secretary and shall be disposed of by him or her in the same manner as funds derived from the payment of the assessment imposed in this subchapter. (b) The secretary shall collect the penalty levied in this section, together with the delinquent assessment, by any or all of the following methods: (1) Voluntary payment by the person liable; (2) Legal proceedings instituted in a court of competent jurisdiction; or (3) Injunctive relief to enjoin any buyer owing the assessment or penalty, or both, from operating his or her business or engaging in business as a buyer of corn or grain sorghum until the delinquent assessment or penalty, or both, is paid. (c) Any person required to pay the assessment provided for in this subchapter who refuses to allow full inspection of the premises or any book, record, or other document relating to the liability of the person for the assessment imposed by this subchapter or who shall hinder or in any way delay or prevent the inspection shall be guilty of a violation and upon conviction shall be punished by a fine not exceeding five hundred dollars ($500).

Legislative History

Amended by Act 2019, No. 910,§ 3290, eff. 7/1/2019. Amended by Act 2019, No. 910,§ 3289, eff. 7/1/2019. Acts 1997, No. 271, § 4; 2005, No. 1994, § 17.