Arkansas § 13-5-314 - Disposition of revenues.
Full text of Arkansas Arkansas Code of 1987 Annotated § 13-5-314 — Disposition of revenues., with citation guidance and answers to common questions.
§ 13-5-314. Disposition of revenues.
All revenues derived from the operation of the Arkansas Museum and Cultural Center and all other funds received by the Secretary of the Department of Parks, Heritage, and Tourism from other sources for use in connection with the center and its operation are center revenues and are specifically declared to be cash funds, restricted in their use and to be used solely as provided in this subchapter. These revenues shall not be deposited into the State Treasury but shall be deposited by the Department of Parks, Heritage, and Tourism as and when received into a bank or banks as the secretary may from time to time select. Center revenues shall be applied annually in the following order: To the extent necessary after taking into consideration any other funds which may be available for the purpose, for operation and maintenance expenses of the center; and To the payment of the principal of, interest on, and trustee's and paying agent's fees in connection with bonds issued under this subchapter, and the establishing and maintaining of any debt service reserves. Should there be any excess after subdivisions (c)(1)(A) and (B) of this section, the excess may be applied, as determined by the secretary, to the redemption of bonds prior to maturity or for the payment of any costs and expenses incurred by the secretary in the accomplishment of the powers and authorities conferred upon the secretary by § 13-5-304 [repealed].
Source: official Arkansas text · Last verified 2026-08-27
Frequently Asked Questions About Arkansas § 13-5-314
What does Arkansas Code of 1987 Annotated § 13-5-314 cover?
Section 13-5-314 ("Disposition of revenues.") is part of the Arkansas Code of 1987 Annotated, the codified statutory law of Arkansas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Arkansas § 13-5-314?
A common citation format is "Arkansas Code of 1987 Annotated § 13-5-314" (Arkansas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Arkansas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Arkansas official source linked on this page or consult a licensed Arkansas attorney.
How does Arkansas § 13-5-314 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Arkansas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Arkansas.