§ 26-64-104 — Reporting and disclosure requirements

(a) (1) Each city and county that expends revenues distributed under this chapter shall submit a report to the Secretary of the Department of Finance and Administration no later than March 15 of each year detailing the following for the previous calendar year: (A) Amount of revenues received under this chapter; (B) Expenditures made from the revenues received under this chapter; and (C) Projects funded using revenues received under this chapter. (2) The secretary may undertake an investigation of the expenditures reported by the cities and counties under subdivision (a)(1) of this section, including without limitation using the audit procedures under the Arkansas Tax Procedure Act, § 26-18-101 et seq., to verify compliance with this chapter. (b) The Arkansas Department of Transportation shall make a report available to the Governor and the Legislative Council no later than November 1 of each year detailing the expenditures of the revenues distributed to the department under this chapter, including without limitation the expenditures made from the revenues received under this chapter and the projects funded using revenues received under this chapter.

Legislative History

Amended by Act 2020F, No. 91,§ 13, eff. 7/1/2020. Added by Act 2019, No. 416,§ 6, eff. 10/1/2019.