AR HB1844

Restructures the distribution of natural gas severance tax collected under the Severance Tax Agreement of 2008 by reorganizing subsection numbering in Arkansas Code § 26-58-124(c).

First $675,000 collected each fiscal year from the 5% severance tax portion continues to be deposited as general revenues.

Remaining 5% of severance tax funds are deposited into the Road and Bridge Repair, Maintenance, and Grants Fund for county grants to cover damages from trucks and heavy machinery used in natural gas extraction, distributed pro-rata based on active unconventional natural gas wells per county.

95% of total severance tax funds are classified as special revenues and distributed according to the Arkansas Highway Revenue Distribution Law (§ 27-70-201 et seq.).

Updates related references in Arkansas Code § 19-6-301(238) and § 19-6-829(b) to reflect the amended subsection structure.