Arkansas § 3-5-907 - Payments — Amount.
Full text of Arkansas Arkansas Code of 1987 Annotated § 3-5-907 — Payments — Amount., with citation guidance and answers to common questions.
§ 3-5-907. Payments — Amount.
Grant payments as authorized in this subchapter shall be made by the Secretary of the Department of Finance and Administration from moneys appropriated by the General Assembly for that purpose at each regular session and fiscal session of the General Assembly. Grant funds awarded shall be distributed equally to each winery at a base amount not to exceed five hundred dollars ($500), with any remaining balance of the grant to be divided among each grantee according to the same ratio as the wine taxes paid in the previous calendar year by the grantee not to exceed one hundred twenty-five thousand dollars ($125,000) annually to any one (1) winery, as determined by the Chief Fiscal Officer of the State. If a winery reaches the annual grant limit under subdivision (b)(1) of this section, the remainder of the grant funds shall be distributed among the remaining eligible wineries. Applications for grants shall be submitted to the Chief Fiscal Officer of the State on or by the 15th of June.
Frequently Asked Questions About Arkansas § 3-5-907
What does Arkansas Code of 1987 Annotated § 3-5-907 cover?
Section 3-5-907 ("Payments — Amount.") 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 § 3-5-907?
A common citation format is "Arkansas Code of 1987 Annotated § 3-5-907" (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 § 3-5-907 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.