§ 27-50-405 - Penalties to be remitted monthly.
27-50-405. Penalties to be remitted monthly.
All penalties collected under the provisions of this subchapter shall be remitted, by the collecting officials, to the city treasurer, city clerk, or city recorder, for deposit into the policemen's pension and relief fund, or for deposit into the Arkansas Local Police and Fire Retirement System subsidy account or city general fund, on or before the fifth day of the month following the month of collection thereof, in each city of the first or second class providing retirement coverage to certified police personnel.