Where motor buses are operated on designated streets according to regular schedules, under franchise from any municipality in this state, the owners or operators of the motor buses shall pay to the state an annual motor vehicle and license fee of twenty dollars ($20.00) for each motor bus so operated.
Municipally franchised buses
Ark. Code Ann. § 27-14-1402 — under Motor Vehicle Administration, Certificate of Title, and Antitheft Act.
Ark. Code Ann. § 27-14-1402