AR SB394

County quorum courts may now refer to voters proposed changes in the allocation or distribution of revenues from county sales and use taxes for capital improvements among the county and municipalities, not just changes in designated use

Municipalities are prohibited from pledging revenues from county sales and use taxes for capital improvements to repay bonds

Voter-approved changes to revenue allocation require the county to notify the Treasurer of State at least 90 days before the new allocation becomes effective

Elections to change revenue allocation or distribution do not constitute elections on the tax levy itself, and if voters reject proposed changes, the existing allocation continues unchanged

Tax purposes cannot be changed to reduce any pledge securing lease rentals or bonds where a portion of tax revenues has already been committed