2014 Arkansas Code
Title 17 - Professions, Occupations, and Businesses
Subtitle 2 - Nonmedical Professions
Chapter 24 - Collection Agencies
Subchapter 3 - Licensing
§ 17-24-305 - Fees -- Disposition.

(a) The State Board of Collection Agencies may charge an annual license fee not to exceed one hundred twenty-five dollars ($125) for licensing each collection agency and an annual fee of twenty dollars ($20.00) effective September 1, 2013, for registering each employee of the licensed collection agency who as an employee solicits, collects, or attempts to collect any delinquent account or accounts by telephone, mail, personal contact, or otherwise.

(b) All income from fees imposed under this section shall be distributed as follows:

(1) Beginning July 1, 2013, and each fiscal year thereafter, the State Board of Collection Agencies shall remit to each entity in subdivisions (b)(2)-(7) one (1) annual payment. Distributions shall be funded in the percentage of the total funds available up to the maximum authorized: If less than one hundred percent (100%) of the total allocation is available for distribution, all allocations listed in (b)(2)-(7) shall be funded at a prorated percentage consistent with the available funds. At no time shall the total distribution exceed the maximum amounts as listed in (b)(2)-(7);

(2) An amount not to exceed one hundred fifteen thousand dollars ($115,000) to the Treasurer of State for the Division of Medical Services of the Department of Human Services for deposit into a paying account as determined by the Chief Fiscal Officer of the State to be used in accordance with § 20-10-705;

(3) (A) An amount not to exceed six hundred thousand dollars ($600,000) to the University of Arkansas for Medical Sciences for deposit into a financial institution in accordance with the policies of the University of Arkansas.

(B) The funds shall be expended for the College of Pharmacy and the College of Nursing in accordance with § 6-64-417;

(4) (A) An amount not to exceed two hundred fifty thousand dollars ($250,000) to Arkansas State University -- Mountain Home for deposit into the Arkansas State University -- Mountain Home Fund.

(B) The funds shall be expended exclusively for the Arkansas State University -- Mountain Home Practical Nursing Program;

(5) (A) An amount not to exceed one hundred thousand dollars ($100,000) to the University of Central Arkansas for deposit into the University of Central Arkansas Fund.

(B) The funds shall be expended exclusively for the University of Central Arkansas Department of Nursing;

(6) (A) An amount not to exceed one hundred thousand dollars ($100,000) to Southern Arkansas University for deposit into the Southern Arkansas University Fund.

(B) The funds shall be expended exclusively for personal services and operating expenses of the Southern Arkansas University system; and

(7) An amount not to exceed one hundred thousand dollars ($100,000) to Henderson State University for deposit into the Henderson State University Fund.

(c) Funds remaining after the distributions in subdivisions (b)(2)-(7) of this section shall be deposited into the State Board of Collection Agencies account in some bank authorized to do business in this state.