Arkansas Statutes
§ 24-12-104 — Tax levy to support fund
Arkansas·Title 24
(a)Annually, a tax not to exceed one and one-half (1½) mills on the dollar of all taxable property in cities of the first class and cities of the second class which have paid nonuniformed employees may be levied by a vote of the people as a fund for pensioned, superannuated, and retired paid nonuniformed employees and for the surviving spouses and dependent children of deceased paid nonuniformed employees and dependent parents of deceased employees and to relieve the employees in case of permanent or temporary disability.
(b)At any time that any city in this state shall meet the requirements of this section, then, and in that case, the provisions of this act shall apply to the city.
(c)The fund shall be known as the "pension and relief fund for paid nonuniformed employees" and shall be
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Related
Opinion No.
(Arkansas Attorney General Reports, 2002)
Legislative History
Acts 1949, No. 147, § 1; 1961, No. 501, § 1; 1981, No. 909, § 5; A.S.A. 1947, § 19-922.
Nearby Sections
15
§ 24-1-101
Assets and income for retirement systems§ 24-1-102
Annual valuation§ 24-1-103
Change of contribution rate§ 24-1-105
Liabilities exceeding thirty-year amortization period - Legislated benefit enhancement prohibited§ 24-1-106
Benefit enhancements§ 24-1-201
Declaration of policy§ 24-1-202
Definitions§ 24-1-203
Rules§ 24-1-206
Agents§ 24-1-207
Contributions - State employees