§ 3-5-907 - Payments -- Amount. - Arkansas Statutes

3-5-907. Payments -- Amount.

(a) Grant payments as authorized in this subchapter shall be made by the Director of the Department of Finance and Administration from moneys appropriated by the General Assembly for that purpose at each regular session and fiscal session of the General Assembly.

(b) Grant funds awarded shall be distributed equally to each winery at a base amount not to exceed twenty-five thousand dollars ($25,000), with any remaining balance of the grant to be divided among each grantee according to the same ratio as the wine taxes paid in the previous calendar year by the grantee, as determined by the Chief Fiscal Officer of the State.

(c) Applications for grants shall be submitted to the Chief Fiscal Officer of the State on or by the 15th of June.