§ 26-51-107 - Distribution of tax. - Arkansas Statutes

26-51-107. Distribution of tax.

(a) All taxes, interest, penalties, and costs collected under the provisions of this act shall be general revenues and shall be deposited in the State Treasury to the credit of the State Apportionment Fund.

(b) The State Treasurer, on or before the fifth of the month next following the month during which the revenues shall have been received by him, shall allocate and transfer them to the various State Treasury funds in the proportions to each as provided by law, after first transferring to the General Revenue Fund an amount equivalent to the cost of collection and other pro rata charges as also provided by law.