Commencing with the fiscal year beginning July 1, 2020, and each fiscal year thereafter, the Treasurer of State shall transfer all remaining general revenues available for distribution on the last day of business in July 2020, and on the last day of business in each calendar month thereafter during the fiscal year to the various funds and fund accounts participating in general revenues in the proportions of the maximum allocation as the individual allocation to the fund or fund account bears to the total of the maximum allocation as provided in § 19-5-402(a) -(e).
Ark. Code Ann. § 19-5-401
Allocations for fiscal year 2020-2021 and thereafter
Known as the Revenue Stabilization Law
The act spans §§ 19–19 (376 sections).
Acts 1973, No. 750, § 11; 1974 (1st Ex
Current official text: Arkansas General Assembly. Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Arkansas statutes; confirm against the official source for the current text. Not legal advice.