Arkansas § 3-5-907 Payments - Amount

Arkansas Statutes

§ 3-5-907 — Payments - Amount

Arkansas § 3-5-907

Title3

This text of Arkansas § 3-5-907 (Payments - Amount) 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. § 3-5-907 (2026).

Text

(a)Grant payments as authorized in this subchapter shall be made by the Secretary of the Department of Finance and Administration from moneys appropriated by the General Assembly for that purpose at each regular session and fiscal session of the General Assembly.

(b)(1) Grant funds awarded shall be distributed equally to each winery at a base amount not to exceed five hundred dollars ($500), with any remaining balance of the grant to be divided among each grantee according to the same ratio as the wine taxes paid in the previous calendar year by the grantee not to exceed one hundred twenty-five thousand dollars ($125,000) annually to any one (1) winery, as determined by the Chief Fiscal Officer of the State.

(2)If a winery reaches the annual grant limit under subdivision (b)(1) of this

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(a) Grant payments as authorized in this subchapter shall be made by the Secretary of the Department of Finance and Administration from moneys appropriated by the General Assembly for that purpose at each regular session and fiscal session of the General Assembly. (b) (1) Grant funds awarded shall be distributed equally to each winery at a base amount not to exceed five hundred dollars ($500), with any remaining balance of the grant to be divided among each grantee according to the same ratio as the wine taxes paid in the previous calendar year by the grantee not to exceed one hundred twenty-five thousand dollars ($125,000) annually to any one (1) winery, as determined by the Chief Fiscal Officer of the State. (2) If a winery reaches the annual grant limit under subdivision (b)(1) of this section, the remainder of the grant funds shall be distributed among the remaining eligible wineries. (c) Applications for grants shall be submitted to the Chief Fiscal Officer of the State on or by the 15th of June.

Legislative History

Amended by Act 2019, No. 1050,§ 2, eff. 7/24/2019. Amended by Act 2019, No. 910,§ 3321, eff. 7/1/2019. Amended by Act 2017, No. 508,§ 5, eff. 1/1/2018. Acts 1985, No. 681, §§ 2, 3; A.S.A. 1947, §§ 48-653, 48-654; Acts 2003 (1st Ex. Sess.), No. 50, § 111; 2009, No. 962, § 3.