Stricken language would be deleted from and underlined language would be added to present law.
Act 541 of the Regular Session
1 State of Arkansas
2 93rd General Assembly A Bill
3 Regular Session, 2021 SENATE BILL 500
4
5 By: Senator Irvin
6
7 For An Act To Be Entitled
8 AN ACT TO AUTHORIZE THE ISSUANCE AND RENEWAL OF A
9 SPECIAL LICENSE PLATE TO PROMOTE THE BUFFALO RIVER
10 AND SUPPORT ECONOMIC DEVELOPMENT IN SEARCY COUNTY;
11 AND FOR OTHER PURPOSES.
12
13
14 Subtitle
15 TO AUTHORIZE THE ISSUANCE AND RENEWAL OF
16 A SPECIAL LICENSE PLATE TO PROMOTE THE
17 BUFFALO RIVER AND SUPPORT ECONOMIC
18 DEVELOPMENT IN SEARCY COUNTY.
19
20
21 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF ARKANSAS:
22
23 SECTION 1. Arkansas Code Title 27, Chapter 24, Subchapter 14, is
24 amended to add an additional section to read as follows:
25 27-24-1430. Buffalo River Community Development special license plate.
26 (a) The Secretary of the Department of Finance and Administration
27 shall create and issue a Buffalo River Community Development special license
28 plate:
29 (1) In the manner and subject to the conditions provided for
30 under this subchapter; and
31 (2) Subject to the discontinuation of the collegiate special
32 license plate assigned to the school formerly known as the College of the
33 Ouachitas as required under 27-24-1003.
34 (b) The Buffalo River Community Development special license plate
35 shall be:
36 (1) Designed by the Department of Finance and Administration in
*DTP089* 03/08/2021 2:02:43 PM DTP089
 SB500
1 consultation with the Buffalo River Community Development Corporation; and
2 (2) Numbered consecutively.
3 (c) The procedures concerning costs for issuance under 27-24-
4 1404(c)(1)(A) shall apply.
5 (d) The department shall issue a special license plate under this
6 section to a motor vehicle owner upon payment of:
7 (1) The fee required by law for registration of the motor
8 vehicle;
9 (2)(A) Twenty-five dollars ($25.00) to cover the design-use
10 contribution.
11 (B) The design-use contribution shall be remitted monthly
12 to the Buffalo River Community Development Corporation to be used exclusively
13 to promote and support economic development in Searcy County; and
14 (3)(A) A handling and administrative fee of ten dollars
15 ($10.00).
16 (B) The handling and administrative fee shall be:
17 (i) Deposited into the State Central Services Fund
18 for the benefit of the Revenue Division of the Department of Finance and
19 Administration; and
20 (ii) Credited to the division as supplemental and in
21 addition to all other funds that may be deposited for the benefit of the
22 division.
23 (C) The handling and administrative fee shall not be
24 considered or credited to the division as direct revenue.
25 (e)(1) A special license plate issued under this section may be
26 renewed annually or replaced under the procedures set out in 27-24-1405.
27 (2) However, the division shall remit the fees collected under
28 27-24-1405(b)(2) on a monthly basis to the Buffalo River Community
29 Development Corporation.
30
31
32 APPROVED: 4/1/21
33
34
35
36
2 03/08/2021 2:02:43 PM DTP089