Disposition of forfeiture sale proceeds

  1. Law
  2. Arkansas Code
  3. Taxation
  4. State Taxes
  5. State Privilege Taxes
  6. Vending Devices Decal Act of 1997
  7. Disposition of forfeiture sale proceeds

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The sale of the vending device shall be for cash, and the proceeds of the sale shall be applied as follows:

  1. (1) To the payment of the costs incident to the seizure and sale of the vending device;

  2. (2) To the payment of any taxes or decal fee costs, including penalties, that may have accrued against the vending device; and

  3. (3) The balance, if any, shall be remitted to the owner of the vending device.


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