§ 24-11-303 - Payments. - Arkansas Statutes

24-11-303. Payments.

(a) Payment by the companies of their respective portions of the tax described and appropriated by this subchapter shall be made to each qualified city or town on or before August 1 of each calendar year.

(b) All funds received pursuant to the provisions of this subchapter by any city or town shall be turned over to the board of trustees of that city or town's police officers' pension and relief fund and shall be administered by the board as other funds belonging to the fund.

(c) Premium taxes collected from risks not principally garaged in a qualified city or town shall not be affected by this subchapter.