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Home » US Law » 2020 Arkansas Code » Title 19 - Public Finance » Chapter 5 - Revenue Stabilization Law » Subchapter 6 - Municipal and County Aid Funds

§ 19-5-601. Municipal Aid Fund

(a) There is established on the books of the Treasurer of State, the Auditor of State, and the Chief Fiscal Officer of the State a fund to be known as the “Municipal Aid Fund”. (b) The Municipal Aid Fund shall consist of: (1) Such general revenues as may be made available to the Municipal Aid […]

§ 19-5-602. County Aid Fund

(a) There is established on the books of the Treasurer of State, the Auditor of State, and the Chief Fiscal Officer of the State a fund to be known as the “County Aid Fund”. (b) The County Aid Fund shall consist of: (1) The general revenues as may be provided by the Revenue Stabilization Law, […]

§ 19-5-603. Overpayments to funds

(a) In the event moneys are distributed to the County Aid Fund and Municipal Aid Fund during any month which are in excess of one-twelfth (1/12) of the amount estimated by the Chief Fiscal Officer of the State to become available to the County Aid Fund and Municipal Aid Fund during the then-current fiscal year, […]