(a) Each year, the first eighty-five thousand dollars ($85,000) of the pari-mutuel tax revenue derived from § 23-111-505(a) shall be remitted directly to Arkansas State University Mid-South and shall be used by the college for facilities, programming, and personnel in the support of a nursing program.
(b) The revenue received by the college under this section shall be considered local taxes for the purposes of § 6-61-601.
Structure Arkansas Code
Title 23 - Public Utilities and Regulated Industries
Subtitle 4 - Miscellaneous Regulated Industries
Chapter 111 - Arkansas Greyhound Racing Law
Subchapter 5 - Conduct of Meets
§ 23-111-501. Accordance with franchise required
§ 23-111-502. Racing days and hours generally
§ 23-111-505. Additional racing days for benefit of indigent patients, etc
§ 23-111-506. Application for license to conduct meet — Issuance
§ 23-111-509. Disposition of wagering money
§ 23-111-511. Record keeping by franchise holder — Audit
§ 23-111-512. Commission's access to meets, books, records, etc
§ 23-111-513. Failure to pay tax
§ 23-111-514. Franchise holder required to give bond
§ 23-111-515. Additional racing days for the benefit of small municipalities and community colleges
§ 23-111-516. Health insurance
§ 23-111-517. Disposition of pari-mutuel tax revenue
§ 23-111-518. Legislative intent — Definitions — Payable winnings agreements