§ 14-171-212 - City-County Tourist Facilities Aid Fund -- Transfer of funds. - Arkansas Statutes

14-171-212. City-County Tourist Facilities Aid Fund -- Transfer of funds.

(a) The Treasurer of State, before making the percentage distributions of general revenues as provided by law, shall deduct from the General Revenue Fund Account of the State Apportionment Fund an amount of moneys necessary to meet the quarterly payments to cities and counties that are associated with the eligible facilities and shall credit them to the City-County Tourist Facilities Aid Fund.

(b) The Treasurer of State shall make no deductions or credits pursuant to this section in any biennium for which the General Assembly has not approved payments under this subchapter and appropriated funds for them.