(a) As used in this subchapter:
(1) "State Legal Education Fund" means the University of Arkansas at Fayetteville Legal Education Fund and the University of Arkansas at Little Rock Legal Education Fund, respectively, and the moneys credited to each of the funds shall be used in connection with the legal education program of the University of Arkansas at Fayetteville School of Law and the University of Arkansas at Little Rock William H. Bowen School of Law; and
(2) "University" means the University of Arkansas at Fayetteville School of Law and the University of Arkansas at Little Rock William H. Bowen School of Law, respectively.
(b) All collections of the costs levied by this subchapter shall be paid by the collecting officer to the county treasurer and by the county treasurer credited on his or her records to a fund to be designated and known as the legal education fund.
(c) On the tenth day of the next succeeding month, the county treasurer shall remit by check all such collections to the Board of Trustees of the University of Arkansas, for credit to the following funds:
(1) Fifty percent (50%) thereof to the University of Arkansas at Fayetteville Legal Education Fund; and
(2) Fifty percent (50%) thereof to the University of Arkansas at Little Rock Legal Education Fund.
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