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Ark. Code Ann. § 19-5-406

Transfer of remaining revenues

Known as the Revenue Stabilization Law

The act spans §§ 19–19 (376 sections).

Acts 1973, No. 750, § 11; 1974 (1st Ex

After making the maximum annual allocation as provided for in § 19-5-402:

(1) Seventy-five percent (75%) of the remaining general revenues available for distribution during each fiscal year shall be transferred on the last day of business in each calendar month to the General Revenue Allotment Reserve Fund, there to be used for the respective purposes as provided by law; and

(2) Twenty-five percent (25%) of the remaining general revenues available for distribution during each fiscal year shall be transferred on the last day of business in each calendar month to the Arkansas Highway Transfer Fund.

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.