(a) There is created within the Department of Agriculture a fair-funding program that shall be used to provide fair-funding assistance to junior livestock shows, county fairs, district fairs, and the Arkansas State Fair and Livestock Show.(b) The department shall utilize a historical average of total fair funding provided by the State of Arkansas to previous fair-funding recipients in determining an equitable distribution of available funding appropriated by the General Assembly.(c)(1)(A) A recipient of fair funding under the fair-funding program under subsection (a) of this section shall:(i) Maintain records of expenditures; and(ii) Submit an annual financial report to the department and to Arkansas Legislative Audit by the end of each calendar year.(B) A recipient of fair funding is subject to a decrease in future funding if the recipient of fair funding does not: (i) Submit an annual financial report as required under subdivision (c)(1)(A)(ii) of this section; or(ii) Provide proof of yearly continuing education requirements under guidance adopted by the department.(2) A recipient of fair funding under the fair-funding program established under subsection (a) of this section is of yearly continuing education requirements under guidance adopted by the department.(2) A recipient of fair funding under the fair-funding program established under subsection (a) of this section is subject to audit by Arkansas Legislative Audit.Amended by Act 2021, No. 700,§ 2, eff. 7/28/2021.Amended by Act 2019, No. 910,§ 1032, eff. 7/1/2019.Acts 1973, No. 317, §§ 6, 7; A.S.A. 1947, §§ 78-1615, 78-1616; Acts 1999, No. 1323, § 1; 2011, No. 776, § 2.
Arkansas Legal Code