Ark. Code Ann. § 26-75-217 (2026)
Disposition of funds
History. Acts 1981 (1st Ex. Sess.), No. 25, § 7; 1983, No. 726, § 5; A.S.A. 1947, § 19-4529; Acts 1997, No. 1176, § 12; 2007, No. 166, § 5; 2009, No. 840, § 7; 2019, No. 910, §§ 4429, 4430.
Amendments. The 2007 amendment added (e).
The 2009 amendment added (f).
The 2019 amendment substituted “Secretary” for “Director” in (b)(2) and “secretary” for “director” in (d).
Case Notes
Capital Improvements.
A city's sales and use tax, also known as an “operating penny” tax since it could be used by the city for any purpose for which the city's general funds could be used, is no longer limited to providing services, but can now be converted to pay for capital improvements. Hasha v. City of Fayetteville, 311 Ark. 460, 845 S.W.2d 500 (1993).