§ 26-26-2002 - Adoption and implementation of rules for reporting. - Arkansas Statutes

26-26-2002. Adoption and implementation of rules for reporting.

(a) By June 15, 2006, the Assessment Coordination Department shall adopt and implement by rules a statewide set of instructions for reporting county property tax assessment, settlement, and collection information.

(b) In developing the statewide set of instructions, the Assessment Coordination Department shall:

(1) Collaborate with the Division of Legislative Audit, the State Board of Education, the Department of Education, the Commissioner of State Lands, and the appropriate county officials;

(2) Consider the comments and suggestions from school districts and other interested parties; and

(3) Comply with the Arkansas Administrative Procedure Act, 25-15-201 et seq., which may include the adoption of emergency rules as necessary to comply with the June 15, 2006, deadline under subsection (a) of this section.

(c) (1) The statewide set of instructions shall address issues relating to the property tax assessment, settlement, and collection processes to assure uniformity in reporting.

(2) In addition to any other instructions relevant to the processes, the statewide set of instructions shall include how to report items related to the county collector's original charge or assessed value used to determine state foundation funding aid under the Public School Funding Act of 2003, 6-20-2301 et seq.