Ark. Code Ann. § 26-39-502: Penalty for failing to pay state funds

If any county collector and others bound by law to pay money directly into the State Treasury shall fail to pay the amount so found due into the State Treasury and produce the Treasurer of State's receipt to the Auditor of State therefor within fifteen (15) days after the settlement required in § 26-39-404 , the delinquent county collector shall forfeit:

(1) The commissions allowed him or her by law;

(2) The sum of twenty-five percent (25%) on the amount; and

(3) A penalty of five percent (5%) per month on the amount wrongfully withheld, to be computed from the time it ought to have been paid until actual payment. The Auditor of State shall charge the delinquent accordingly, and the amount of principal and forfeitures may be recovered as provided for in this subchapter.