§ 6-55-106 - Permit surcharge to fund programs. - Arkansas Statutes

6-55-106. Permit surcharge to fund programs.

(a) A surcharge in the amount of fifty cents ($0.50) per each one thousand dollars ($1,000) of construction authorized on any nonresidential construction permit issued by any political subdivision of this state is imposed to financially support the Arkansas Construction Industry Craft Training Program. The maximum surcharge for any construction project permitted shall be one thousand dollars ($1,000).

(b) The office of the political subdivision issuing the permit shall be responsible for collecting the surcharge and remitting it monthly to the Department of Finance and Administration under such rules and regulations as the Chief Fiscal Officer of the State may prescribe for the collection, enforcement, and administration of the proceeds of the surcharge and shall retain five percent (5%) of each permit surcharge collected for the cost of administration.