Ark. Code Ann. § 23-112-205

Disposition of funds

Known as the Arkansas Motor Vehicle Commission Act

The act spans §§ 23-112-1002 to 23-112-905 (104 sections).

Applied in 2 court decisions — leading case Reeder-Simco GMC, Inc. v. Volvo GM Heavy Truck Corp. (2004)

Most recently applied in Reeder-Simco GMC, Inc. v. Volvo GM Heavy Truck Corp. (July 2004)

Acts 1975, No. 388, § 4; A.S.A. 1947, § 75-2304; Acts 2007, No. 530, § 6.

(1) All funds received by the Arkansas Motor Vehicle Commission shall be deposited into the State Treasury as special revenues to the credit of a special fund to be known as the “Motor Vehicle Commission Fund”.

(2) All expenses incurred in the organization, maintenance, operation, and motor vehicle education and training of the commission shall be paid from the special fund, and the expenditure of all funds shall be subject to the General Accounting and Budgetary Procedures Law, § 19-4-101 et seq., the Arkansas Procurement Law, § 19-11-201 et seq., and other applicable fiscal laws.

(3) The receipts and disbursements of the commission shall be audited annually by the Legislative Auditor.

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.