2010 Arkansas Code
Title 26 - Taxation
Subtitle 2 - Administration Of State Taxes
Chapter 17 - Revenue Division
Subchapter 5 - Collection of Revenues
§ 26-17-501 - Penalty.

26-17-501. Penalty.

(a) If the Director of the Department of Finance and Administration, or any of his deputies or assistants shall collect or receive any tax, revenue, or funds by virtue of his official duties or position and shall neglect or fail to turn them over to the State Treasurer within ten (10) days after the tax, revenue, or funds shall have come into his hands or possession, the offender shall be deemed guilty of a felony and be punished by confinement in the state penitentiary for a period of not less than one (1) year and not more than five (5) years.

(b) The director shall be liable upon his official bond for all funds not turned into the State Treasurer within ten (10) days after they may come into the hands of the director or any of his deputies or assistants.

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