§ 23-111-517 - Disposition of pari-mutuel tax revenue. - Arkansas Statutes

23-111-517. Disposition of pari-mutuel tax revenue.

(a) Each year, the first eighty-five thousand dollars ($85,000) of the pari-mutuel tax revenue derived from 23-111-505(a) shall be remitted directly to Mid-South Community College and shall be used by the college for facilities, programming, and personnel in the support of a nursing program.

(b) The revenue received by the college under this section shall be considered local taxes for the purposes of 6-61-601.