(a) All moneys received by a political subdivision pursuant to § 19-7-907 or § 19-7-908 shall be deposited into such funds or items of a fund as may be designated in the agreement.
(b) If the agreement does not make such designation, the moneys shall be deposited into such funds or items of a fund as the governing body of the subdivision shall, by appropriate resolution, direct.
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