Section 23-111-517 - Disposition of pari-mutuel tax revenue

(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.Amended by Act 2016F, No. 140,§ 14, eff. 7/1/2016.Acts 2001, No. 1488, § 1.