Statutes > Arkansas Statutes > Title 14 - Local Government > Subtitle 10 - Economic Development And Tourism Generally > Chapter 168 - Community Redevelopment Generally > Subchapter 3 - Community Redevelopment -- Creation and Procedures > § 14-168-313 - Payments in lieu of taxes and other revenues.

§ 14-168-313 - Payments in lieu of taxes and other revenues.

14-168-313. Payments in lieu of taxes and other revenues.

(a) The local governing body may elect to deposit into the special fund of the redevelopment district all or any portion of payments in lieu of taxes on property within the redevelopment district, including that portion of the payments in lieu of taxes that would have been distributed to other local political subdivisions under 14-164-703.

(b) Other revenues to be derived from the redevelopment project may also be deposited in the special fund at the direction of the local governing body.