§ 27-72-409 - Prerequisite for allocations from account. - Arkansas Statutes

27-72-409. Prerequisite for allocations from account.

Except as otherwise provided in 27-72-408(a), for a municipality to receive funds available in the State Aid Street Account of the State Highway and Transportation Department Fund, the funds must be matched in a ratio of seventy percent (70%) state aid street funds to not less than thirty percent (30%) municipal matching funds, and the municipality must comply with all provisions in this subchapter.