(a) The county treasurer shall establish a fund in the county treasury to be known as the “government project fund”. The fund shall contain an account with each political subdivision which is entitled to a share of a payment in lieu of taxes.
(b) Whenever payment is received, the county treasurer shall, without any deduction, apportion it to the several accounts in the fund pursuant to the agreement under which the payment is made.
Structure Arkansas Code
Subchapter 9 - Resettlement or Rural Rehabilitation Projects
§ 19-7-902. Agreements for payments by United States in lieu of taxes
§ 19-7-903. Determination of payment amounts
§ 19-7-904. Contents of agreement
§ 19-7-905. Duplicate copies of agreement
§ 19-7-906. Government project fund of county
§ 19-7-907. Statement of apportionment — Distribution of funds
§ 19-7-908. Right of political subdivision to request payment