Ark. Code Ann. § 19-4-1805 — AR Code / Title 19 / Chapter 4 / Subchapter 18 / Section 19-4-1805
Deposits for highway employees retirement
Status: in_force

All moneys received in the State Treasury for deposit into the State Highway Employees' Retirement System Fund that are derived from the sale or redemption of stocks, bonds, or other securities, other than interest, are to be classified and handled on the books of the Treasurer of State, the Auditor of State, and the Department of Finance and Administration as a refund to expenditures. Acts 1975, No. 72, § 4.

All moneys received in the State Treasury for deposit into the State Highway Employees' Retirement System Fund that are derived from the sale or redemption of stocks, bonds, or other securities, other than interest, are to be classified and handled on the books of the Treasurer of State, the Auditor of State, and the Department of Finance and Administration as a refund to expenditures.

Acts 1975, No. 72, § 4.
Ark. Code Ann. § 19-6-468 — AR Code / Title 19 / Chapter 6 / Subchapter 4 / Section 19-6-468
Fire Protection Premium Tax Fund
Status: in_force

(a) There is created on the books of the Treasurer of State, the Auditor of State, and the Chief Fiscal Officer of the State a special revenue fund to be known as the "Fire Protection Premium Tax Fund", which shall consist of those special revenues as specified in § 19-6-301 (164), there to be used for fire protection services as set out in § 26-57-614 and § 14-284-401 et seq. (b) (1) The Insurance Commissioner shall immediately deposit all moneys collected under § 26-57-614 and § 14-284-401 et seq. into the Revenue Holding Fund Account as provided in § 19-5-204 . On the last business day of each quarter, the Chief Fiscal Officer of the State shall determine the amount of net special revenues to be transferred to the Fire Protection Premium Tax Fund by the Treasurer of State. (2) By the last business day of the quarter after July 1, 2023, and by the last business day of each following quarter, the Chief Fiscal Officer of the State shall: (A) Determine the amount of collections deposited into the Fire Protection Premium Tax Fund during the current quarter and the amount of collections deposited into the Fire Protection Premium Tax Fund during the same quarter of the immediately preceding year; (B) Certify the amount by which the collections deposited into the Fire Protection Premium Tax Fund for the current quarter exceed the amount of collections deposited into the Fire Protection Premium Tax Fund during the same quarter of the immediately preceding year; and (C) Transfer fifty percent (50%) of the amount certified under subdivision (b)(2)(B) of this section to the Fire Services Fund. (3) The Chief Fiscal Officer of the State shall be the disbursing officer for the Fire Protection Premium Tax Fund, and shall distribute the moneys as provided in § 26-57-614 and § 14-284-401 et seq. (c) The Insurance Commissioner shall disburse any refunds which may be due insurance carriers from the Miscellaneous Revolving Fund after certifying to the Chief Fiscal Officer of the State the amount to be refunded. The Chief Fiscal Officer of the State shall direct that the certified amount be transferred from the Revenue Holding Fund Account to the Miscellaneous Revolving Fund as provided in § 19-5-106(a)(3) . (d) Beginning January 1, 2024, any funds that remain unclaimed in the Fire Protection Premium Tax Fund for over two (2) of the immediately prior calendar years shall be transferred to a cash fund and deposited into the State Treasury as determined by the Chief Fiscal Officer of the State to be used exclusively by the Arkansas Fire Protection Services Board for Fire Protection Services grants. Amended by Act 2023, No. 841,§ 26, eff. 7/1/2023. Acts 1993, No. 1072, § 11.

(a) There is created on the books of the Treasurer of State, the Auditor of State, and the Chief Fiscal Officer of the State a special revenue fund to be known as the "Fire Protection Premium Tax Fund", which shall consist of those special revenues as specified in § 19-6-301 (164), there to be used for fire protection services as set out in § 26-57-614 and § 14-284-401 et seq.

(b) (1) The Insurance Commissioner shall immediately deposit all moneys collected under § 26-57-614 and § 14-284-401 et seq. into the Revenue Holding Fund Account as provided in § 19-5-204 . On the last business day of each quarter, the Chief Fiscal Officer of the State shall determine the amount of net special revenues to be transferred to the Fire Protection Premium Tax Fund by the Treasurer of State. (2) By the last business day of the quarter after July 1, 2023, and by the last business day of each following quarter, the Chief Fiscal Officer of the State shall: (A) Determine the amount of collections deposited into the Fire Protection Premium Tax Fund during the current quarter and the amount of collections deposited into the Fire Protection Premium Tax Fund during the same quarter of the immediately preceding year; (B) Certify the amount by which the collections deposited into the Fire Protection Premium Tax Fund for the current quarter exceed the amount of collections deposited into the Fire Protection Premium Tax Fund during the same quarter of the immediately preceding year; and (C) Transfer fifty percent (50%) of the amount certified under subdivision (b)(2)(B) of this section to the Fire Services Fund. (3) The Chief Fiscal Officer of the State shall be the disbursing officer for the Fire Protection Premium Tax Fund, and shall distribute the moneys as provided in § 26-57-614 and § 14-284-401 et seq.

(1) The Insurance Commissioner shall immediately deposit all moneys collected under § 26-57-614 and § 14-284-401 et seq. into the Revenue Holding Fund Account as provided in § 19-5-204 . On the last business day of each quarter, the Chief Fiscal Officer of the State shall determine the amount of net special revenues to be transferred to the Fire Protection Premium Tax Fund by the Treasurer of State.

(2) By the last business day of the quarter after July 1, 2023, and by the last business day of each following quarter, the Chief Fiscal Officer of the State shall: (A) Determine the amount of collections deposited into the Fire Protection Premium Tax Fund during the current quarter and the amount of collections deposited into the Fire Protection Premium Tax Fund during the same quarter of the immediately preceding year; (B) Certify the amount by which the collections deposited into the Fire Protection Premium Tax Fund for the current quarter exceed the amount of collections deposited into the Fire Protection Premium Tax Fund during the same quarter of the immediately preceding year; and (C) Transfer fifty percent (50%) of the amount certified under subdivision (b)(2)(B) of this section to the Fire Services Fund.

(A) Determine the amount of collections deposited into the Fire Protection Premium Tax Fund during the current quarter and the amount of collections deposited into the Fire Protection Premium Tax Fund during the same quarter of the immediately preceding year;

(B) Certify the amount by which the collections deposited into the Fire Protection Premium Tax Fund for the current quarter exceed the amount of collections deposited into the Fire Protection Premium Tax Fund during the same quarter of the immediately preceding year; and

(C) Transfer fifty percent (50%) of the amount certified under subdivision (b)(2)(B) of this section to the Fire Services Fund.

(3) The Chief Fiscal Officer of the State shall be the disbursing officer for the Fire Protection Premium Tax Fund, and shall distribute the moneys as provided in § 26-57-614 and § 14-284-401 et seq.

(c) The Insurance Commissioner shall disburse any refunds which may be due insurance carriers from the Miscellaneous Revolving Fund after certifying to the Chief Fiscal Officer of the State the amount to be refunded. The Chief Fiscal Officer of the State shall direct that the certified amount be transferred from the Revenue Holding Fund Account to the Miscellaneous Revolving Fund as provided in § 19-5-106(a)(3) .

(d) Beginning January 1, 2024, any funds that remain unclaimed in the Fire Protection Premium Tax Fund for over two (2) of the immediately prior calendar years shall be transferred to a cash fund and deposited into the State Treasury as determined by the Chief Fiscal Officer of the State to be used exclusively by the Arkansas Fire Protection Services Board for Fire Protection Services grants.

Amended by Act 2023, No. 841,§ 26, eff. 7/1/2023.

Acts 1993, No. 1072, § 11.
Ark. Code Ann. § 19-5-405 — AR Code / Title 19 / Chapter 5 / Subchapter 4 / Section 19-5-405
Authority of Treasurer of State
Status: in_force

The Treasurer of State, in calculating the proportionate share of the maximum allocation to determine the monthly distribution of net general revenues available for distribution for each fund or fund account, as authorized in this subchapter, shall compute the calculation of five (5) digits to the right of the decimal point, "rounded off". In the event the Treasurer of State shall determine that there are errors in any of the totals of the respective funds or fund accounts for which distributions are authorized in this subchapter, the maximum allocation authorized for each fund and fund account within each subsection shall govern with respect to the allocation to be made to those funds and fund accounts. The Treasurer of State is authorized to correct errors in totals thereof, as reflected in this subchapter, prior to computing the calculations of the proportionate share of the maximum allocations to be determined in making monthly distributions of net general revenues available for distribution for each fund or fund account, as authorized within the respective priorities set forth in this subchapter. Acts 1973, No. 750, § 11; 1974 (1st Ex. Sess.), No. 90, § 1; 1975, No. 868, § 15; 1977, No. 955, § 1; 1977 (1st Ex. Sess.), No. 7, § 1; 1979, No. 1115, § 1; 1981, No. 937, § 1; 1983, No. 801, § 12; 1983 (1st Ex. Sess.), No. 119, § 1; 1985, No. 888, § 25; A.S.A. 1947, § 13-515; Acts 1987, No. 928, § 15; 2010, No. 262, § 5; 2010, No. 296, § 5.

The Treasurer of State, in calculating the proportionate share of the maximum allocation to determine the monthly distribution of net general revenues available for distribution for each fund or fund account, as authorized in this subchapter, shall compute the calculation of five (5) digits to the right of the decimal point, "rounded off". In the event the Treasurer of State shall determine that there are errors in any of the totals of the respective funds or fund accounts for which distributions are authorized in this subchapter, the maximum allocation authorized for each fund and fund account within each subsection shall govern with respect to the allocation to be made to those funds and fund accounts. The Treasurer of State is authorized to correct errors in totals thereof, as reflected in this subchapter, prior to computing the calculations of the proportionate share of the maximum allocations to be determined in making monthly distributions of net general revenues available for distribution for each fund or fund account, as authorized within the respective priorities set forth in this subchapter.

Acts 1973, No. 750, § 11; 1974 (1st Ex. Sess.), No. 90, § 1; 1975, No. 868, § 15; 1977, No. 955, § 1; 1977 (1st Ex. Sess.), No. 7, § 1; 1979, No. 1115, § 1; 1981, No. 937, § 1; 1983, No. 801, § 12; 1983 (1st Ex. Sess.), No. 119, § 1; 1985, No. 888, § 25; A.S.A. 1947, § 13-515; Acts 1987, No. 928, § 15; 2010, No. 262, § 5; 2010, No. 296, § 5.
Ark. Code Ann. § 19-1-205 — AR Code / Title 19 / Chapter 1 / Subchapter 2 / Section 19-1-205
Office
Status: in_force

The Building Authority Division shall assign to the Department of Finance and Administration and divisions of the department suitable office space with the necessary conveniences for the transaction of the department's business and the safekeeping of the department's records. Amended by Act 2019, No. 910,§ 6079, eff. 7/1/2019. Amended by Act 2015EX1, No. 8,§ 9, eff. 7/1/2015. Amended by Act 2015EX1, No. 7,§ 9, eff. 7/1/2015. Acts 1955, No. 315, § 4; A.S.A. 1947, § 13-204; Acts 2009, No. 251, § 1.

The Building Authority Division shall assign to the Department of Finance and Administration and divisions of the department suitable office space with the necessary conveniences for the transaction of the department's business and the safekeeping of the department's records.

Amended by Act 2019, No. 910,§ 6079, eff. 7/1/2019.

Amended by Act 2015EX1, No. 8,§ 9, eff. 7/1/2015.

Amended by Act 2015EX1, No. 7,§ 9, eff. 7/1/2015.

Acts 1955, No. 315, § 4; A.S.A. 1947, § 13-204; Acts 2009, No. 251, § 1.
Ark. Code Ann. § 19-9-408 — AR Code / Title 19 / Chapter 9 / Subchapter 4 / Section 19-9-408
Signature of predecessor in office
Status: in_force

(a) Any certificated registered public obligation signed by the authorized officers at the time of the signing thereof shall remain valid and binding, notwithstanding that before the issuance thereof any or all of the officers shall have ceased to fill their respective offices. (b) (1) Any authorized officer empowered to sign any certificated registered public obligation may adopt as and for the signature of such officer the signature of a predecessor in office in the event that such predecessor's signature appears on such certificated registered public obligation. (2) An authorized officer incurs no liability by adoption of a predecessor's signature that would not be incurred by such authorized officer if the signature were that of such authorized officer. Acts 1983, No. 786, § 6; A.S.A. 1947, § 13-2806.

(a) Any certificated registered public obligation signed by the authorized officers at the time of the signing thereof shall remain valid and binding, notwithstanding that before the issuance thereof any or all of the officers shall have ceased to fill their respective offices.

(b) (1) Any authorized officer empowered to sign any certificated registered public obligation may adopt as and for the signature of such officer the signature of a predecessor in office in the event that such predecessor's signature appears on such certificated registered public obligation. (2) An authorized officer incurs no liability by adoption of a predecessor's signature that would not be incurred by such authorized officer if the signature were that of such authorized officer.

(1) Any authorized officer empowered to sign any certificated registered public obligation may adopt as and for the signature of such officer the signature of a predecessor in office in the event that such predecessor's signature appears on such certificated registered public obligation.

(2) An authorized officer incurs no liability by adoption of a predecessor's signature that would not be incurred by such authorized officer if the signature were that of such authorized officer.

Acts 1983, No. 786, § 6; A.S.A. 1947, § 13-2806.
Ark. Code Ann. § 19-3-521 — AR Code / Title 19 / Chapter 3 / Subchapter 5 / Section 19-3-521
Securities Reserve Fund
Status: in_force

(a) (1) In addition to the purposes for which the Securities Reserve Fund may be used under this subchapter, the Securities Reserve Fund shall be used to absorb any losses in: (A) Securities held in the Securities Account in the State Treasury; and (B) The Treasurer of State's account in bank depositories. (2) (A) The balance in the Securities Reserve Fund shall always be available to absorb the losses stated in subdivision (a)(1) of this section. (B) However, moneys in the Securities Reserve Fund in excess of one hundred thousand dollars ($100,000) shall be available at all times to the Chief Fiscal Officer of the State as authorized by § 19-5-905 , there to be used as provided by law. (b) (1) If a loss is sustained in relation to securities held at any time in the Securities Account or in the Treasurer of State's account in any bank depository and the credit balance in the Securities Reserve Fund is insufficient to absorb the loss, the Chief Fiscal Officer of the State shall transfer moneys from the Budget Stabilization Trust Fund to the Securities Reserve Fund of an amount that, when added to the credit balance in the Securities Reserve Fund, equals the amount of the loss. (2) It is the intent of the General Assembly that a loss shall not be sustained by an account used to make an investment or deposit. (c) (1) On a quarterly basis, interest earned on federal funds received under the State and Local Fiscal Assistance Act of 1972, 31 U.S.C. § 6701 et seq., shall be transferred at the direction of the Chief Fiscal Officer of the State from the Securities Reserve Fund to the federal funds established for the purpose of holding these moneys in trust. (2) Interest to be transferred shall be a pro rata share of total earned interest based on the proportion of the balances of the total federal funds established for the purpose of holding the State and Local Fiscal Assistance Act of 1972, 31 U.S.C. § 6701 et seq., moneys in trust to the balances of all investments of the State Treasury. Amended by Act 2017, No. 555,§ 4, eff. 7/1/2017. Amended by Act 2016EX3, No. 1,§ 4, eff. 7/1/2016. Amended by Act 2013, No. 1088,§ 2, eff. 8/16/2013. Acts 1997, No. 847, § 1; 2009, No. 251, §§ 7, 8.

(a) (1) In addition to the purposes for which the Securities Reserve Fund may be used under this subchapter, the Securities Reserve Fund shall be used to absorb any losses in: (A) Securities held in the Securities Account in the State Treasury; and (B) The Treasurer of State's account in bank depositories. (2) (A) The balance in the Securities Reserve Fund shall always be available to absorb the losses stated in subdivision (a)(1) of this section. (B) However, moneys in the Securities Reserve Fund in excess of one hundred thousand dollars ($100,000) shall be available at all times to the Chief Fiscal Officer of the State as authorized by § 19-5-905 , there to be used as provided by law.

(1) In addition to the purposes for which the Securities Reserve Fund may be used under this subchapter, the Securities Reserve Fund shall be used to absorb any losses in: (A) Securities held in the Securities Account in the State Treasury; and (B) The Treasurer of State's account in bank depositories.

(A) Securities held in the Securities Account in the State Treasury; and

(B) The Treasurer of State's account in bank depositories.

(2) (A) The balance in the Securities Reserve Fund shall always be available to absorb the losses stated in subdivision (a)(1) of this section. (B) However, moneys in the Securities Reserve Fund in excess of one hundred thousand dollars ($100,000) shall be available at all times to the Chief Fiscal Officer of the State as authorized by § 19-5-905 , there to be used as provided by law.

(A) The balance in the Securities Reserve Fund shall always be available to absorb the losses stated in subdivision (a)(1) of this section.

(B) However, moneys in the Securities Reserve Fund in excess of one hundred thousand dollars ($100,000) shall be available at all times to the Chief Fiscal Officer of the State as authorized by § 19-5-905 , there to be used as provided by law.

(b) (1) If a loss is sustained in relation to securities held at any time in the Securities Account or in the Treasurer of State's account in any bank depository and the credit balance in the Securities Reserve Fund is insufficient to absorb the loss, the Chief Fiscal Officer of the State shall transfer moneys from the Budget Stabilization Trust Fund to the Securities Reserve Fund of an amount that, when added to the credit balance in the Securities Reserve Fund, equals the amount of the loss. (2) It is the intent of the General Assembly that a loss shall not be sustained by an account used to make an investment or deposit.

(1) If a loss is sustained in relation to securities held at any time in the Securities Account or in the Treasurer of State's account in any bank depository and the credit balance in the Securities Reserve Fund is insufficient to absorb the loss, the Chief Fiscal Officer of the State shall transfer moneys from the Budget Stabilization Trust Fund to the Securities Reserve Fund of an amount that, when added to the credit balance in the Securities Reserve Fund, equals the amount of the loss.

(2) It is the intent of the General Assembly that a loss shall not be sustained by an account used to make an investment or deposit.

(c) (1) On a quarterly basis, interest earned on federal funds received under the State and Local Fiscal Assistance Act of 1972, 31 U.S.C. § 6701 et seq., shall be transferred at the direction of the Chief Fiscal Officer of the State from the Securities Reserve Fund to the federal funds established for the purpose of holding these moneys in trust. (2) Interest to be transferred shall be a pro rata share of total earned interest based on the proportion of the balances of the total federal funds established for the purpose of holding the State and Local Fiscal Assistance Act of 1972, 31 U.S.C. § 6701 et seq., moneys in trust to the balances of all investments of the State Treasury.

(1) On a quarterly basis, interest earned on federal funds received under the State and Local Fiscal Assistance Act of 1972, 31 U.S.C. § 6701 et seq., shall be transferred at the direction of the Chief Fiscal Officer of the State from the Securities Reserve Fund to the federal funds established for the purpose of holding these moneys in trust.

(2) Interest to be transferred shall be a pro rata share of total earned interest based on the proportion of the balances of the total federal funds established for the purpose of holding the State and Local Fiscal Assistance Act of 1972, 31 U.S.C. § 6701 et seq., moneys in trust to the balances of all investments of the State Treasury.

Amended by Act 2017, No. 555,§ 4, eff. 7/1/2017.

Amended by Act 2016EX3, No. 1,§ 4, eff. 7/1/2016.

Amended by Act 2013, No. 1088,§ 2, eff. 8/16/2013.

Acts 1997, No. 847, § 1; 2009, No. 251, §§ 7, 8.
Ark. Code Ann. § 19-10-212 — AR Code / Title 19 / Chapter 10 / Subchapter 2 / Section 19-10-212
Reports of state agency liability
Status: in_force

(a) When a state agency admits liability to a claim filed with the Arkansas State Claims Commission, the state agency shall file a written report of the claim with the Litigation Reports Oversight Subcommittee of the Legislative Council if the claim: (1) Involves a contract with the state agency; or (2) Exceeds fifteen thousand dollars ($15,000). (b) The state agency shall include in its report a concise statement of facts with an explanation of the state agency's liability. (c) The state agency shall file its report within thirty (30) days after the claim or action has been adjudicated and a final order has been issued by the commission. Amended by Act 2019, No. 785,§ 2, eff. 7/24/2019. Amended by Act 2015, No. 1258,§ 17, eff. 7/22/2015. Amended by Act 2015, No. 218,§ 20, eff. 2/26/2015. Amended by Act 2013, No. 1131,§ 2, eff. 8/16/2013. Amended by Act 2013, No. 147,§ 17, eff. 2/26/2013. Acts 1997, No. 850, § 30; 2005, No. 1962, § 89.

(a) When a state agency admits liability to a claim filed with the Arkansas State Claims Commission, the state agency shall file a written report of the claim with the Litigation Reports Oversight Subcommittee of the Legislative Council if the claim: (1) Involves a contract with the state agency; or (2) Exceeds fifteen thousand dollars ($15,000).

(1) Involves a contract with the state agency; or

(2) Exceeds fifteen thousand dollars ($15,000).

(b) The state agency shall include in its report a concise statement of facts with an explanation of the state agency's liability.

(c) The state agency shall file its report within thirty (30) days after the claim or action has been adjudicated and a final order has been issued by the commission.

Amended by Act 2019, No. 785,§ 2, eff. 7/24/2019.

Amended by Act 2015, No. 1258,§ 17, eff. 7/22/2015.

Amended by Act 2015, No. 218,§ 20, eff. 2/26/2015.

Amended by Act 2013, No. 1131,§ 2, eff. 8/16/2013.

Amended by Act 2013, No. 147,§ 17, eff. 2/26/2013.

Acts 1997, No. 850, § 30; 2005, No. 1962, § 89.
Ark. Code Ann. § 19-7-601 — AR Code / Title 19 / Chapter 7 / Subchapter 6 / Section 19-7-601
Legislative determination
Status: in_force

It is found and determined by the General Assembly that all governmental units, various nongovernmental organizations, and the general public in the State of Arkansas should have the opportunity to review and comment upon applications for federal funding assistance. The General Assembly further finds that it is desirable that the State of Arkansas pursue the utilization of indirect cost reimbursements available to state agencies from the various federal agencies. It is further found that the state should cooperate with the federal government in the development and utilization of intergovernmental information exchange programs which may be of benefit to the State of Arkansas and to utilize any available federal assistance funds for the furtherance of the purposes of this subchapter. Acts 1983, No. 498, § 1; A.S.A. 1947, § 13-758.

It is found and determined by the General Assembly that all governmental units, various nongovernmental organizations, and the general public in the State of Arkansas should have the opportunity to review and comment upon applications for federal funding assistance. The General Assembly further finds that it is desirable that the State of Arkansas pursue the utilization of indirect cost reimbursements available to state agencies from the various federal agencies. It is further found that the state should cooperate with the federal government in the development and utilization of intergovernmental information exchange programs which may be of benefit to the State of Arkansas and to utilize any available federal assistance funds for the furtherance of the purposes of this subchapter.

Acts 1983, No. 498, § 1; A.S.A. 1947, § 13-758.
Ark. Code Ann. § 19-5-1006 — AR Code / Title 19 / Chapter 5 / Subchapter 10 / Section 19-5-1006
Disaster Assistance Fund
Status: in_force

(a) There is established on the books of the Treasurer of State, the Auditor of State, and the Chief Fiscal Officer of the State a fund to be known as the "Disaster Assistance Fund". (b) The Disaster Assistance Fund shall consist of moneys received from the Budget Stabilization Trust Fund in such amounts as may be required to provide state moneys for each declared emergency or major disaster as required by the Arkansas Emergency Services Act of 1973, § 12-75-101 et seq., but not to exceed in the aggregate the sum of sixteen million two hundred fifty thousand dollars ($16,250,000) per fiscal year. (c) (1) The Chief Fiscal Officer of the State may authorize temporary loans of moneys from the Budget Stabilization Trust Fund to the Disaster Assistance Fund for making available immediate payments to individuals, families, and public assistance grants for providing assistance to such recipients that may be eligible for federal assistance. (2) (A) These temporary loans shall be repaid to the Budget Stabilization Trust Fund upon receipt of any federal funds for each declared emergency. (B) For each declared emergency, the temporary loans shall be repaid on or before June 30 in the year the loan was made. (C) However, the temporary loan shall not be necessarily repaid on or before June 30 of the fiscal year in which the loan was made, but may be repaid upon availability of federal moneys for such purpose. (d) (1) Funds credited to the Disaster Assistance Fund shall be used for making grants, loans, and assistance payments, as authorized by the Arkansas Emergency Services Act of 1973, § 12-75-101 et seq., and applicable federal laws for making grants and assistance payments to eligible recipients enumerated in the Arkansas Emergency Services Act of 1973, § 12-75-101 et seq. (2) The moneys or funds may also be used for making refunds of federal moneys or funds advanced or determined to be ineligible disbursements. Amended by Act 2021, No. 372,§ 2, eff. 7/28/2021. Acts 1973, No. 750, § 7; 1975, No. 868, § 12; 1985, No. 888, § 20; A.S.A. 1947, § 13-523; Acts 1991, No. 786, § 33; 1995, No. 1163, § 26; 2001, No. 1646, § 12; 2003 (1st Ex. Sess.), No. 55, § 20; 2007, No. 1290, § 42.

(a) There is established on the books of the Treasurer of State, the Auditor of State, and the Chief Fiscal Officer of the State a fund to be known as the "Disaster Assistance Fund".

(b) The Disaster Assistance Fund shall consist of moneys received from the Budget Stabilization Trust Fund in such amounts as may be required to provide state moneys for each declared emergency or major disaster as required by the Arkansas Emergency Services Act of 1973, § 12-75-101 et seq., but not to exceed in the aggregate the sum of sixteen million two hundred fifty thousand dollars ($16,250,000) per fiscal year.

(c) (1) The Chief Fiscal Officer of the State may authorize temporary loans of moneys from the Budget Stabilization Trust Fund to the Disaster Assistance Fund for making available immediate payments to individuals, families, and public assistance grants for providing assistance to such recipients that may be eligible for federal assistance. (2) (A) These temporary loans shall be repaid to the Budget Stabilization Trust Fund upon receipt of any federal funds for each declared emergency. (B) For each declared emergency, the temporary loans shall be repaid on or before June 30 in the year the loan was made. (C) However, the temporary loan shall not be necessarily repaid on or before June 30 of the fiscal year in which the loan was made, but may be repaid upon availability of federal moneys for such purpose.

(1) The Chief Fiscal Officer of the State may authorize temporary loans of moneys from the Budget Stabilization Trust Fund to the Disaster Assistance Fund for making available immediate payments to individuals, families, and public assistance grants for providing assistance to such recipients that may be eligible for federal assistance.

(2) (A) These temporary loans shall be repaid to the Budget Stabilization Trust Fund upon receipt of any federal funds for each declared emergency. (B) For each declared emergency, the temporary loans shall be repaid on or before June 30 in the year the loan was made. (C) However, the temporary loan shall not be necessarily repaid on or before June 30 of the fiscal year in which the loan was made, but may be repaid upon availability of federal moneys for such purpose.

(A) These temporary loans shall be repaid to the Budget Stabilization Trust Fund upon receipt of any federal funds for each declared emergency.

(B) For each declared emergency, the temporary loans shall be repaid on or before June 30 in the year the loan was made.

(C) However, the temporary loan shall not be necessarily repaid on or before June 30 of the fiscal year in which the loan was made, but may be repaid upon availability of federal moneys for such purpose.

(d) (1) Funds credited to the Disaster Assistance Fund shall be used for making grants, loans, and assistance payments, as authorized by the Arkansas Emergency Services Act of 1973, § 12-75-101 et seq., and applicable federal laws for making grants and assistance payments to eligible recipients enumerated in the Arkansas Emergency Services Act of 1973, § 12-75-101 et seq. (2) The moneys or funds may also be used for making refunds of federal moneys or funds advanced or determined to be ineligible disbursements.

(1) Funds credited to the Disaster Assistance Fund shall be used for making grants, loans, and assistance payments, as authorized by the Arkansas Emergency Services Act of 1973, § 12-75-101 et seq., and applicable federal laws for making grants and assistance payments to eligible recipients enumerated in the Arkansas Emergency Services Act of 1973, § 12-75-101 et seq.

(2) The moneys or funds may also be used for making refunds of federal moneys or funds advanced or determined to be ineligible disbursements.

Amended by Act 2021, No. 372,§ 2, eff. 7/28/2021.

Acts 1973, No. 750, § 7; 1975, No. 868, § 12; 1985, No. 888, § 20; A.S.A. 1947, § 13-523; Acts 1991, No. 786, § 33; 1995, No. 1163, § 26; 2001, No. 1646, § 12; 2003 (1st Ex. Sess.), No. 55, § 20; 2007, No. 1290, § 42.
Ark. Code Ann. § 19-2-202 — AR Code / Title 19 / Chapter 2 / Subchapter 2 / Section 19-2-202
Proceedings on bad checks
Status: in_force

(a) Where remittance is made by check to the Treasurer of State and the check is returned unpaid, it shall be the duty of the Treasurer of State to make a duplicate of the check and carry it as a cash item, delivering the original to the Attorney General for collection after adding a penalty of twenty-five percent (25%) to the amount of the check. (b) (1) It shall be the duty of the Attorney General to take such action as shall be deemed proper for the collection of a rejected check, together with twenty-five percent (25%) of the face amount of the check as penalty, for the punishment of the maker of that check under the criminal laws of this state. (2) The penalty shall be credited to the same fund as was the original amount of the check delivered to the Attorney General by the Treasurer of State pursuant to subsection (a) of this section. (c) If for any reason the Attorney General is unable to collect either the principal or penalty on a rejected check, as contemplated by this section, then, as soon as such fact is ascertained, it shall be the duty of the Treasurer of State to cancel the receipt for it, taking credit therefor, and notifying the Auditor of State of the cancellation; and the Auditor of State shall likewise credit the Treasurer of State with it. (d) Any state official issuing a certificate of authority or making book entries affecting any transaction, payment for which was made with bad checks, is authorized and directed to cancel them upon receipt of the Attorney General's notice of inability to collect on such checks as specified in subsection (c) of this section. Acts 1923, No. 777, §§ 4-7; Pope's Dig., §§ 5565-5568; A.S.A. 1947, §§ 13-606, 13-607, 13-608, 13-609.

(a) Where remittance is made by check to the Treasurer of State and the check is returned unpaid, it shall be the duty of the Treasurer of State to make a duplicate of the check and carry it as a cash item, delivering the original to the Attorney General for collection after adding a penalty of twenty-five percent (25%) to the amount of the check.

(b) (1) It shall be the duty of the Attorney General to take such action as shall be deemed proper for the collection of a rejected check, together with twenty-five percent (25%) of the face amount of the check as penalty, for the punishment of the maker of that check under the criminal laws of this state. (2) The penalty shall be credited to the same fund as was the original amount of the check delivered to the Attorney General by the Treasurer of State pursuant to subsection (a) of this section.

(1) It shall be the duty of the Attorney General to take such action as shall be deemed proper for the collection of a rejected check, together with twenty-five percent (25%) of the face amount of the check as penalty, for the punishment of the maker of that check under the criminal laws of this state.

(2) The penalty shall be credited to the same fund as was the original amount of the check delivered to the Attorney General by the Treasurer of State pursuant to subsection (a) of this section.

(c) If for any reason the Attorney General is unable to collect either the principal or penalty on a rejected check, as contemplated by this section, then, as soon as such fact is ascertained, it shall be the duty of the Treasurer of State to cancel the receipt for it, taking credit therefor, and notifying the Auditor of State of the cancellation; and the Auditor of State shall likewise credit the Treasurer of State with it.

(d) Any state official issuing a certificate of authority or making book entries affecting any transaction, payment for which was made with bad checks, is authorized and directed to cancel them upon receipt of the Attorney General's notice of inability to collect on such checks as specified in subsection (c) of this section.

Acts 1923, No. 777, §§ 4-7; Pope's Dig., §§ 5565-5568; A.S.A. 1947, §§ 13-606, 13-607, 13-608, 13-609.
Ark. Code Ann. § 19-5-107 — AR Code / Title 19 / Chapter 5 / Subchapter 1 / Section 19-5-107
Appropriation for agencies not provided by General Assembly
Status: in_force

(a) In the event that the appropriation is not provided by the General Assembly for cash fund expenditures for any state agency, pursuant to § 19-4-801 et seq., the agency shall request a transfer of appropriation from the Chief Fiscal Officer of the State, stating clearly the amount required. (b) Upon approval of the Chief Fiscal Officer of the State, and after seeking prior review by the Legislative Council or Joint Budget Committee, the cash fund appropriations shall be established upon the books of the Department of Finance and Administration; provided further, that upon request of the state agency and with the approval of the Chief Fiscal Officer of the State, the requested appropriations may be established upon the books of the Department of Finance and Administration in compliance with the applicable classifications of appropriations as enumerated in §§ 19-4-521 - 19-4-525 . Acts 1995, No. 89, § 2; 2007, No. 68, § 1.

(a) In the event that the appropriation is not provided by the General Assembly for cash fund expenditures for any state agency, pursuant to § 19-4-801 et seq., the agency shall request a transfer of appropriation from the Chief Fiscal Officer of the State, stating clearly the amount required.

(b) Upon approval of the Chief Fiscal Officer of the State, and after seeking prior review by the Legislative Council or Joint Budget Committee, the cash fund appropriations shall be established upon the books of the Department of Finance and Administration; provided further, that upon request of the state agency and with the approval of the Chief Fiscal Officer of the State, the requested appropriations may be established upon the books of the Department of Finance and Administration in compliance with the applicable classifications of appropriations as enumerated in §§ 19-4-521 - 19-4-525 .

Acts 1995, No. 89, § 2; 2007, No. 68, § 1.
Ark. Code Ann. § 19-5-1206 — AR Code / Title 19 / Chapter 5 / Subchapter 12 / Section 19-5-1206
Building Authority Division Real Estate Fund
Status: in_force

(a) There is established on the books of the Treasurer of State, the Auditor of State, and the Chief Fiscal Officer of the State a fund to be known as the "Building Authority Division Real Estate Fund". (b) (1) The Building Authority Division Real Estate Fund shall consist of funds transferred to it from the General Improvement Fund or its successor fund or fund accounts, including the Development and Enhancement Fund, or other funds, gifts, bequests, foundation grants and gifts, Governor's Emergency Fund or other emergency funds, federal grants and matching funds, short-term loans and advances, proceeds from bond issues, leases, service charges or fees, interagency transfers of funds, partnerships and debentures, and other funds as may be appropriated by the General Assembly. (2) The Building Authority Division Real Estate Fund shall be used to acquire either by deed or by lease, to own or operate, to maintain, to repair, to renovate, to develop, or to construct real properties, including any necessary demolition and site improvements, for use by state agencies, as defined in § 22-2-102 , for capital improvement needs under the jurisdiction of the Building Authority Division. Amended by Act 2019, No. 82,§ 15, eff. 7/1/2019. Amended by Act 2019, No. 910,§ 6101, eff. 7/1/2019. Amended by Act 2015EX1, No. 8,§ 19, eff. 7/1/2015. Amended by Act 2015EX1, No. 7,§ 19, eff. 7/1/2015. Acts 1999, No. 1463, § 27; 2001, No. 307, § 1; 2009, No. 251, § 21.

(a) There is established on the books of the Treasurer of State, the Auditor of State, and the Chief Fiscal Officer of the State a fund to be known as the "Building Authority Division Real Estate Fund".

(b) (1) The Building Authority Division Real Estate Fund shall consist of funds transferred to it from the General Improvement Fund or its successor fund or fund accounts, including the Development and Enhancement Fund, or other funds, gifts, bequests, foundation grants and gifts, Governor's Emergency Fund or other emergency funds, federal grants and matching funds, short-term loans and advances, proceeds from bond issues, leases, service charges or fees, interagency transfers of funds, partnerships and debentures, and other funds as may be appropriated by the General Assembly. (2) The Building Authority Division Real Estate Fund shall be used to acquire either by deed or by lease, to own or operate, to maintain, to repair, to renovate, to develop, or to construct real properties, including any necessary demolition and site improvements, for use by state agencies, as defined in § 22-2-102 , for capital improvement needs under the jurisdiction of the Building Authority Division.

(1) The Building Authority Division Real Estate Fund shall consist of funds transferred to it from the General Improvement Fund or its successor fund or fund accounts, including the Development and Enhancement Fund, or other funds, gifts, bequests, foundation grants and gifts, Governor's Emergency Fund or other emergency funds, federal grants and matching funds, short-term loans and advances, proceeds from bond issues, leases, service charges or fees, interagency transfers of funds, partnerships and debentures, and other funds as may be appropriated by the General Assembly.

(2) The Building Authority Division Real Estate Fund shall be used to acquire either by deed or by lease, to own or operate, to maintain, to repair, to renovate, to develop, or to construct real properties, including any necessary demolition and site improvements, for use by state agencies, as defined in § 22-2-102 , for capital improvement needs under the jurisdiction of the Building Authority Division.

Amended by Act 2019, No. 82,§ 15, eff. 7/1/2019.

Amended by Act 2019, No. 910,§ 6101, eff. 7/1/2019.

Amended by Act 2015EX1, No. 8,§ 19, eff. 7/1/2015.

Amended by Act 2015EX1, No. 7,§ 19, eff. 7/1/2015.

Acts 1999, No. 1463, § 27; 2001, No. 307, § 1; 2009, No. 251, § 21.
Ark. Code Ann. § 19-5-1073 — AR Code / Title 19 / Chapter 5 / Subchapter 10 / Section 19-5-1073
[Repealed]
Status: repealed

Repealed by Act 2017, No. 1127,§ 16, eff. 7/1/2017. Repealed by Act 2017, No. 1083,§ 16, eff. 7/1/2017. Acts 1995, No. 1078, § 5; 1997, No. 1248, § 24.

Repealed by Act 2017, No. 1127,§ 16, eff. 7/1/2017.

Repealed by Act 2017, No. 1083,§ 16, eff. 7/1/2017.

Acts 1995, No. 1078, § 5; 1997, No. 1248, § 24.
Ark. Code Ann. § 19-5-1234 — AR Code / Title 19 / Chapter 5 / Subchapter 12 / Section 19-5-1234
Division of Workforce Services Fund
Status: in_force

(a) There is created on the books of the Treasurer of State, the Auditor of State, and the Chief Fiscal Officer of the State a fund to be known as the "Division of Workforce Services Fund". (b) The fund shall consist of those general revenues as may be authorized by law and any other nonfederal funds as may be provided by law. (c) The fund shall be used for the maintenance, operation, and improvement required by the Division of Workforce Services in carrying out those powers, functions, and duties imposed by law upon the Director of the Division of Workforce Services as set out in the Division of Workforce Services Law, § 11-10-101 et seq., and § 20-76-101 et seq., or any other duties that may be imposed by law upon the division, including those duties transferred to the division under the provisions of § 20-76-111 [repealed]. Amended by Act 2019, No. 910,§ 492, eff. 7/1/2019. Acts 2007, No. 1032, § 32; 2007, No. 1201, § 32.

(a) There is created on the books of the Treasurer of State, the Auditor of State, and the Chief Fiscal Officer of the State a fund to be known as the "Division of Workforce Services Fund".

(b) The fund shall consist of those general revenues as may be authorized by law and any other nonfederal funds as may be provided by law.

(c) The fund shall be used for the maintenance, operation, and improvement required by the Division of Workforce Services in carrying out those powers, functions, and duties imposed by law upon the Director of the Division of Workforce Services as set out in the Division of Workforce Services Law, § 11-10-101 et seq., and § 20-76-101 et seq., or any other duties that may be imposed by law upon the division, including those duties transferred to the division under the provisions of § 20-76-111 [repealed].

Amended by Act 2019, No. 910,§ 492, eff. 7/1/2019.

Acts 2007, No. 1032, § 32; 2007, No. 1201, § 32.
Ark. Code Ann. § 19-8-108 — AR Code / Title 19 / Chapter 8 / Subchapter 1 / Section 19-8-108
Mortgages and securities as security
Status: in_force

Whenever securities must be furnished by any depository in the State of Arkansas as security for the deposit of any funds whatsoever, or wherever securities must be deposited with any official of the State of Arkansas pursuant to any statute of this state, mortgages insured and debentures issued by the Federal Housing Administration and obligations of national mortgage associations shall be considered eligible securities for such purposes. Acts 1937, No. 174, § 1; Pope's Dig., § 4337; A.S.A. 1947, § 13-807.

Whenever securities must be furnished by any depository in the State of Arkansas as security for the deposit of any funds whatsoever, or wherever securities must be deposited with any official of the State of Arkansas pursuant to any statute of this state, mortgages insured and debentures issued by the Federal Housing Administration and obligations of national mortgage associations shall be considered eligible securities for such purposes.

Acts 1937, No. 174, § 1; Pope's Dig., § 4337; A.S.A. 1947, § 13-807.
Ark. Code Ann. § 19-5-1252 — AR Code / Title 19 / Chapter 5 / Subchapter 12 / Section 19-5-1252
Safe Harbor Fund for Sexually Exploited Children - Definition
Status: in_force

(a) There is created on the books of the Treasurer of State, the Auditor of State, and the Chief Fiscal Officer of the State a fund to be known as the "Safe Harbor Fund for Sexually Exploited Children". (b) The fund shall consist of fines collected under § 5-18-103(d) , § 5-18-104(c) , § 5-18-106(c) , § 5-18-107(f) , § 5-70-102(e) , § 5-70-103(d) , § 5-70-104(c) , § 5-70-105(c) , § 5-70-106(c) , and § 5-70-107(e) and any other revenues authorized by law. (c) (1) The fund shall be administered by the Department of Human Services. (2) The department shall use the fund to provide: (A) Services and treatment, such as securing residential housing, health services, and social services for sexually exploited children; (B) Grants to service providers working with sexually exploited children; and (C) For the management and operation of the fund. (d) As used in this section, "sexually exploited child" means a person less than eighteen (18) years of age who has been subject to sexual exploitation because the person: (1) Is a victim of trafficking of persons under § 5-18-103 ; (2) Is a victim of child sex trafficking under 18 U.S.C. § 1591 , as it existed on January 1, 2013; or (3) Engages in an act of prostitution under § 5-70-102 or sexual solicitation under § 5-70-103 or § 5-70-107 . Amended by Act 2023, No. 722,§ 3, eff. 8/1/2023. Amended by Act 2023, No. 722,§ 2, eff. 8/1/2023. Amended by Act 2023, No. 327,§ 12, eff. 8/1/2023. Added by Act 2013, No. 1257,§ 9, eff. 8/16/2013.

(a) There is created on the books of the Treasurer of State, the Auditor of State, and the Chief Fiscal Officer of the State a fund to be known as the "Safe Harbor Fund for Sexually Exploited Children".

(b) The fund shall consist of fines collected under § 5-18-103(d) , § 5-18-104(c) , § 5-18-106(c) , § 5-18-107(f) , § 5-70-102(e) , § 5-70-103(d) , § 5-70-104(c) , § 5-70-105(c) , § 5-70-106(c) , and § 5-70-107(e) and any other revenues authorized by law.

(c) (1) The fund shall be administered by the Department of Human Services. (2) The department shall use the fund to provide: (A) Services and treatment, such as securing residential housing, health services, and social services for sexually exploited children; (B) Grants to service providers working with sexually exploited children; and (C) For the management and operation of the fund.

(1) The fund shall be administered by the Department of Human Services.

(2) The department shall use the fund to provide: (A) Services and treatment, such as securing residential housing, health services, and social services for sexually exploited children; (B) Grants to service providers working with sexually exploited children; and (C) For the management and operation of the fund.

(A) Services and treatment, such as securing residential housing, health services, and social services for sexually exploited children;

(B) Grants to service providers working with sexually exploited children; and

(C) For the management and operation of the fund.

(d) As used in this section, "sexually exploited child" means a person less than eighteen (18) years of age who has been subject to sexual exploitation because the person: (1) Is a victim of trafficking of persons under § 5-18-103 ; (2) Is a victim of child sex trafficking under 18 U.S.C. § 1591 , as it existed on January 1, 2013; or (3) Engages in an act of prostitution under § 5-70-102 or sexual solicitation under § 5-70-103 or § 5-70-107 .

(1) Is a victim of trafficking of persons under § 5-18-103 ;

(2) Is a victim of child sex trafficking under 18 U.S.C. § 1591 , as it existed on January 1, 2013; or

(3) Engages in an act of prostitution under § 5-70-102 or sexual solicitation under § 5-70-103 or § 5-70-107 .

Amended by Act 2023, No. 722,§ 3, eff. 8/1/2023.

Amended by Act 2023, No. 722,§ 2, eff. 8/1/2023.

Amended by Act 2023, No. 327,§ 12, eff. 8/1/2023.

Added by Act 2013, No. 1257,§ 9, eff. 8/16/2013.
Ark. Code Ann. § 19-6-843 — AR Code / Title 19 / Chapter 6 / Subchapter 8 / Section 19-6-843
Breast Milk Bank Special Fund
Status: in_force

(a) There is created on the books of the Treasurer of State, the Auditor of State, and the Chief Fiscal Officer of the State a special revenue fund to be known as the "Breast Milk Bank Special Fund". (b) The fund shall consist of: (1) Fees collected under § 20-7-140 ; (2) Moneys obtained from federal grants or other sources that are designated to be credited to the fund; (3) Gifts, grants, and other moneys both public and private; and (4) Any other revenues as may be authorized by law. (c) The fund shall be used by the University of Arkansas for Medical Sciences for expenses of the Arkansas Breast Milk Bank. Added by Act 2021, No. 225,§ 3, eff. 7/28/2021.

(a) There is created on the books of the Treasurer of State, the Auditor of State, and the Chief Fiscal Officer of the State a special revenue fund to be known as the "Breast Milk Bank Special Fund".

(b) The fund shall consist of: (1) Fees collected under § 20-7-140 ; (2) Moneys obtained from federal grants or other sources that are designated to be credited to the fund; (3) Gifts, grants, and other moneys both public and private; and (4) Any other revenues as may be authorized by law.

(1) Fees collected under § 20-7-140 ;

(2) Moneys obtained from federal grants or other sources that are designated to be credited to the fund;

(3) Gifts, grants, and other moneys both public and private; and

(4) Any other revenues as may be authorized by law.

(c) The fund shall be used by the University of Arkansas for Medical Sciences for expenses of the Arkansas Breast Milk Bank.

Added by Act 2021, No. 225,§ 3, eff. 7/28/2021.
Ark. Code Ann. § 19-11-717 — AR Code / Title 19 / Chapter 11 / Subchapter 7 / Section 19-11-717
State-supported institutions of higher education
Status: in_force

(a) (1) Notwithstanding anything in this subchapter to the contrary, if, in either of the events in subdivisions (a)(1)(A) and (B) of this section, the contract or subcontract, solicitation, or proposal involves patents, copyrights, or other proprietary information in which a state-supported institution of higher education and an employee or former employee of the state-supported institution of higher education have rights or interests, provided that a contract or subcontract shall be approved by the governing board of the state-supported institution of higher education in a public meeting, it shall not be a violation of § 19-11-709 , a conflict of interest, or a breach of ethical standards for: (A) The state-supported institution of higher education to contract with a person or firm in which an employee or former employee of the state-supported institution of higher education has a financial interest; or (B) The employee or former employee of the state-supported institution of higher education to participate directly or indirectly in a matter pertaining to a contract, subcontract, solicitation, or proposal for a contract or subcontract between a state-supported institution of higher education and a person or firm in which the employee or former employee has a financial interest. (2) (A) Within thirty (30) days of the approval by the governing board of a state-supported institution of higher education of a contract, subcontract, solicitation, or proposal executed under subdivision (a)(1) of this section, the state-supported institution of higher education shall file a summary of the contract, subcontract, solicitation, or proposal with the president of the state-supported institution of higher education. (B) Failure to file the required summary with the president of the state-supported institution of higher education as required under subdivision (a)(2)(A) of this section renders the contract null and void. (b) (1) Nothing in the Arkansas Procurement Law, § 19-11-201 et seq., or in § 19-11-1001 et seq. shall prevent a state agency from contracting for goods or services, including professional or consultant services, with an organization that employs or contracts with a regular, full-time, or part-time employee of a state-supported institution of higher education in situations in which the employee of the state-supported institution of higher education will provide some or all of the goods or services under the contract. (2) An organization or state agency entering into a contract described under this subsection shall comply with the Arkansas Procurement Law, § 19-11-201 et seq., and § 19-11-1001 et seq. to the extent that the Arkansas Procurement Law, § 19-11-201 et seq., and § 19-11-1001 et seq. do not conflict with this section. (3) An employee of a state-supported institution of higher education who provides goods or services to a state agency through his or her association with an organization that has a contract with the state agency to provide goods or services shall obtain the requisite approvals under the policies of the state-supported institution of higher education by which he or she is employed and comply with all provisions of this subchapter. (c) (1) No later than January 31 each year, an employee or former employee contracting or receiving benefits under this section shall file with the Secretary of State on a form provided by the Secretary of State a disclosure of the type and amount of the contract or benefits received during the previous year. (2) Failure to file the required form with the Secretary of State as required under subdivision (c)(1) of this section is a breach of ethical standards. Acts 1989, No. 875, § 1; 2005, No. 949, § 1; 2009, No. 735, § 1.

(a) (1) Notwithstanding anything in this subchapter to the contrary, if, in either of the events in subdivisions (a)(1)(A) and (B) of this section, the contract or subcontract, solicitation, or proposal involves patents, copyrights, or other proprietary information in which a state-supported institution of higher education and an employee or former employee of the state-supported institution of higher education have rights or interests, provided that a contract or subcontract shall be approved by the governing board of the state-supported institution of higher education in a public meeting, it shall not be a violation of § 19-11-709 , a conflict of interest, or a breach of ethical standards for: (A) The state-supported institution of higher education to contract with a person or firm in which an employee or former employee of the state-supported institution of higher education has a financial interest; or (B) The employee or former employee of the state-supported institution of higher education to participate directly or indirectly in a matter pertaining to a contract, subcontract, solicitation, or proposal for a contract or subcontract between a state-supported institution of higher education and a person or firm in which the employee or former employee has a financial interest. (2) (A) Within thirty (30) days of the approval by the governing board of a state-supported institution of higher education of a contract, subcontract, solicitation, or proposal executed under subdivision (a)(1) of this section, the state-supported institution of higher education shall file a summary of the contract, subcontract, solicitation, or proposal with the president of the state-supported institution of higher education. (B) Failure to file the required summary with the president of the state-supported institution of higher education as required under subdivision (a)(2)(A) of this section renders the contract null and void.

(1) Notwithstanding anything in this subchapter to the contrary, if, in either of the events in subdivisions (a)(1)(A) and (B) of this section, the contract or subcontract, solicitation, or proposal involves patents, copyrights, or other proprietary information in which a state-supported institution of higher education and an employee or former employee of the state-supported institution of higher education have rights or interests, provided that a contract or subcontract shall be approved by the governing board of the state-supported institution of higher education in a public meeting, it shall not be a violation of § 19-11-709 , a conflict of interest, or a breach of ethical standards for: (A) The state-supported institution of higher education to contract with a person or firm in which an employee or former employee of the state-supported institution of higher education has a financial interest; or (B) The employee or former employee of the state-supported institution of higher education to participate directly or indirectly in a matter pertaining to a contract, subcontract, solicitation, or proposal for a contract or subcontract between a state-supported institution of higher education and a person or firm in which the employee or former employee has a financial interest.

(A) The state-supported institution of higher education to contract with a person or firm in which an employee or former employee of the state-supported institution of higher education has a financial interest; or

(B) The employee or former employee of the state-supported institution of higher education to participate directly or indirectly in a matter pertaining to a contract, subcontract, solicitation, or proposal for a contract or subcontract between a state-supported institution of higher education and a person or firm in which the employee or former employee has a financial interest.

(2) (A) Within thirty (30) days of the approval by the governing board of a state-supported institution of higher education of a contract, subcontract, solicitation, or proposal executed under subdivision (a)(1) of this section, the state-supported institution of higher education shall file a summary of the contract, subcontract, solicitation, or proposal with the president of the state-supported institution of higher education. (B) Failure to file the required summary with the president of the state-supported institution of higher education as required under subdivision (a)(2)(A) of this section renders the contract null and void.

(A) Within thirty (30) days of the approval by the governing board of a state-supported institution of higher education of a contract, subcontract, solicitation, or proposal executed under subdivision (a)(1) of this section, the state-supported institution of higher education shall file a summary of the contract, subcontract, solicitation, or proposal with the president of the state-supported institution of higher education.

(B) Failure to file the required summary with the president of the state-supported institution of higher education as required under subdivision (a)(2)(A) of this section renders the contract null and void.

(b) (1) Nothing in the Arkansas Procurement Law, § 19-11-201 et seq., or in § 19-11-1001 et seq. shall prevent a state agency from contracting for goods or services, including professional or consultant services, with an organization that employs or contracts with a regular, full-time, or part-time employee of a state-supported institution of higher education in situations in which the employee of the state-supported institution of higher education will provide some or all of the goods or services under the contract. (2) An organization or state agency entering into a contract described under this subsection shall comply with the Arkansas Procurement Law, § 19-11-201 et seq., and § 19-11-1001 et seq. to the extent that the Arkansas Procurement Law, § 19-11-201 et seq., and § 19-11-1001 et seq. do not conflict with this section. (3) An employee of a state-supported institution of higher education who provides goods or services to a state agency through his or her association with an organization that has a contract with the state agency to provide goods or services shall obtain the requisite approvals under the policies of the state-supported institution of higher education by which he or she is employed and comply with all provisions of this subchapter.

(1) Nothing in the Arkansas Procurement Law, § 19-11-201 et seq., or in § 19-11-1001 et seq. shall prevent a state agency from contracting for goods or services, including professional or consultant services, with an organization that employs or contracts with a regular, full-time, or part-time employee of a state-supported institution of higher education in situations in which the employee of the state-supported institution of higher education will provide some or all of the goods or services under the contract.

(2) An organization or state agency entering into a contract described under this subsection shall comply with the Arkansas Procurement Law, § 19-11-201 et seq., and § 19-11-1001 et seq. to the extent that the Arkansas Procurement Law, § 19-11-201 et seq., and § 19-11-1001 et seq. do not conflict with this section.

(3) An employee of a state-supported institution of higher education who provides goods or services to a state agency through his or her association with an organization that has a contract with the state agency to provide goods or services shall obtain the requisite approvals under the policies of the state-supported institution of higher education by which he or she is employed and comply with all provisions of this subchapter.

(c) (1) No later than January 31 each year, an employee or former employee contracting or receiving benefits under this section shall file with the Secretary of State on a form provided by the Secretary of State a disclosure of the type and amount of the contract or benefits received during the previous year. (2) Failure to file the required form with the Secretary of State as required under subdivision (c)(1) of this section is a breach of ethical standards.

(1) No later than January 31 each year, an employee or former employee contracting or receiving benefits under this section shall file with the Secretary of State on a form provided by the Secretary of State a disclosure of the type and amount of the contract or benefits received during the previous year.

(2) Failure to file the required form with the Secretary of State as required under subdivision (c)(1) of this section is a breach of ethical standards.

Acts 1989, No. 875, § 1; 2005, No. 949, § 1; 2009, No. 735, § 1.
Ark. Code Ann. § 19-5-1209 — AR Code / Title 19 / Chapter 5 / Subchapter 12 / Section 19-5-1209
Rural Physician Incentive Revolving Fund
Status: in_force

(a) There is established on the books of the Treasurer of State, the Auditor of State, and the Chief Fiscal Officer of the State a fund to be known as the "Rural Physician Incentive Revolving Fund". (b) Any unexpended balance in the fund at the end of each state fiscal year shall be carried forward to the next fiscal year to be used for the same intent and purpose set forth in § 20-12-501 et seq. Acts 1999, No. 589, § 2.

(a) There is established on the books of the Treasurer of State, the Auditor of State, and the Chief Fiscal Officer of the State a fund to be known as the "Rural Physician Incentive Revolving Fund".

(b) Any unexpended balance in the fund at the end of each state fiscal year shall be carried forward to the next fiscal year to be used for the same intent and purpose set forth in § 20-12-501 et seq.

Acts 1999, No. 589, § 2.
Ark. Code Ann. § 19-1-602 — AR Code / Title 19 / Chapter 1 / Subchapter 6 / Section 19-1-602
Intent and purpose
Status: in_force

(a) The General Assembly has enacted various laws relating to the receipting, disbursing, depositing, and accounting for public funds, as well as laws relating to establishing salaries, and the purchasing of commodities by various state agencies. In addition, the Department of Finance and Administration or other appropriate agency has issued rules pertaining to the administration of these various laws. (b) It is the intent of the General Assembly that all state officers and employees comply with the provisions of these laws and rules. Presently, most of these laws and rules do not provide penalty provisions for violations thereof. (c) It is the purpose of this subchapter to provide procedures and civil penalties regarding violations of the fiscal responsibility and management laws of the state. Amended by Act 2019, No. 315,§ 1696, eff. 7/24/2019. Acts 1991, No. 280, § 2.

(a) The General Assembly has enacted various laws relating to the receipting, disbursing, depositing, and accounting for public funds, as well as laws relating to establishing salaries, and the purchasing of commodities by various state agencies. In addition, the Department of Finance and Administration or other appropriate agency has issued rules pertaining to the administration of these various laws.

(b) It is the intent of the General Assembly that all state officers and employees comply with the provisions of these laws and rules. Presently, most of these laws and rules do not provide penalty provisions for violations thereof.

(c) It is the purpose of this subchapter to provide procedures and civil penalties regarding violations of the fiscal responsibility and management laws of the state.

Amended by Act 2019, No. 315,§ 1696, eff. 7/24/2019.

Acts 1991, No. 280, § 2.
Ark. Code Ann. § 19-4-704 — AR Code / Title 19 / Chapter 4 / Subchapter 7 / Section 19-4-704
No obligations without appropriations
Status: in_force

(a) No obligations will be paid from appropriated funds until the General Assembly shall have made an appropriation for that purpose; nor shall any state agency enter into any contract which would contemplate that payments under the contracts would be made beyond the expiration of the biennial period unless the General Assembly, prior to the expiration of the biennial period, makes an appropriation for that purpose, or in the case of multiyear contracts for commodities or services, a determination in writing has been made prior to use that: (1) Estimated requirements cover the period of the contract and are reasonably firm and continuing; and (2) Such a contract would serve the best interests of the state by encouraging effective competition or otherwise promoting economies in state procurement. (b) In no event shall any obligations be incurred unless there are sufficient funds or an approved federal grant on hand, or estimated to become available, to meet the obligations when they become due. Acts 1973, No. 876, § 13; 1985, No. 365, § 6; A.S.A. 1947, § 13-339.

(a) No obligations will be paid from appropriated funds until the General Assembly shall have made an appropriation for that purpose; nor shall any state agency enter into any contract which would contemplate that payments under the contracts would be made beyond the expiration of the biennial period unless the General Assembly, prior to the expiration of the biennial period, makes an appropriation for that purpose, or in the case of multiyear contracts for commodities or services, a determination in writing has been made prior to use that: (1) Estimated requirements cover the period of the contract and are reasonably firm and continuing; and (2) Such a contract would serve the best interests of the state by encouraging effective competition or otherwise promoting economies in state procurement.

(1) Estimated requirements cover the period of the contract and are reasonably firm and continuing; and

(2) Such a contract would serve the best interests of the state by encouraging effective competition or otherwise promoting economies in state procurement.

(b) In no event shall any obligations be incurred unless there are sufficient funds or an approved federal grant on hand, or estimated to become available, to meet the obligations when they become due.

Acts 1973, No. 876, § 13; 1985, No. 365, § 6; A.S.A. 1947, § 13-339.
Ark. Code Ann. § 19-5-804 — AR Code / Title 19 / Chapter 5 / Subchapter 8 / Section 19-5-804
Administration
Status: in_force

This subchapter shall be administered by the Chief Fiscal Officer of the State. The Chief Fiscal Officer of the State shall have the authority to establish procedures and to make such rules as are necessary to enforce the provisions of this subchapter. Amended by Act 2019, No. 315,§ 1740, eff. 7/24/2019. Acts 1977, No. 924, § 8; A.S.A 1947, § 13-1407.8.

This subchapter shall be administered by the Chief Fiscal Officer of the State. The Chief Fiscal Officer of the State shall have the authority to establish procedures and to make such rules as are necessary to enforce the provisions of this subchapter.

Amended by Act 2019, No. 315,§ 1740, eff. 7/24/2019.

Acts 1977, No. 924, § 8; A.S.A 1947, § 13-1407.8.
Ark. Code Ann. § 19-4-1902 — AR Code / Title 19 / Chapter 4 / Subchapter 19 / Section 19-4-1902
Preliminary or informal proposals
Status: in_force

Preliminary or informal proposals which do not commit personnel, space, facilities, or state funds may be submitted directly to the granting source. However, when the grant requested, if approved, would result in the commitment of state personnel, space, facilities, equipment, or funds, or the program to be proposed by the state agency with the resources from the federal grant has not received specific legislative authorization through an appropriation or specific enabling legislation, the requesting agency shall notify, in writing, the Secretary of the Department of Finance and Administration that such preliminary or informal proposal is being made and shall briefly describe it. Amended by Act 2019, No. 910,§ 3457, eff. 7/1/2019. Acts 1973, No. 876, § 21; A.S.A. 1947, § 13-347.

Preliminary or informal proposals which do not commit personnel, space, facilities, or state funds may be submitted directly to the granting source. However, when the grant requested, if approved, would result in the commitment of state personnel, space, facilities, equipment, or funds, or the program to be proposed by the state agency with the resources from the federal grant has not received specific legislative authorization through an appropriation or specific enabling legislation, the requesting agency shall notify, in writing, the Secretary of the Department of Finance and Administration that such preliminary or informal proposal is being made and shall briefly describe it.

Amended by Act 2019, No. 910,§ 3457, eff. 7/1/2019.

Acts 1973, No. 876, § 21; A.S.A. 1947, § 13-347.
Ark. Code Ann. § 19-5-1233 — AR Code / Title 19 / Chapter 5 / Subchapter 12 / Section 19-5-1233
[Repealed]
Status: repealed

Repealed by Act 2019, No. 1024,§ 7, eff. 7/1/2019. Repealed by Act 2019, No. 998,§ 7, eff. 7/1/2019. Acts 2007, No. 1032, § 32; 2007, No. 1201, § 32.

Repealed by Act 2019, No. 1024,§ 7, eff. 7/1/2019.

Repealed by Act 2019, No. 998,§ 7, eff. 7/1/2019.

Acts 2007, No. 1032, § 32; 2007, No. 1201, § 32.
Ark. Code Ann. § 19-5-932 — AR Code / Title 19 / Chapter 5 / Subchapter 9 / Section 19-5-932
Public Facilities Debt Service Fund
Status: in_force

(a) There is established on the books of the Treasurer of State, the Auditor of State, and the Chief Fiscal Officer of the State a trust fund to be known as the "Public Facilities Debt Service Fund". (b) The fund shall consist of those revenues as specified in the Public Facilities Finance Act of 1983, § 22-3-1201 et seq., and shall be used for the purposes as set out in the Public Facilities Finance Act of 1983, § 22-3-1201 et seq. Acts 1973, No. 750, § 8; 1985, No. 888, § 12; A.S.A. 1947, § 13-531.

(a) There is established on the books of the Treasurer of State, the Auditor of State, and the Chief Fiscal Officer of the State a trust fund to be known as the "Public Facilities Debt Service Fund".

(b) The fund shall consist of those revenues as specified in the Public Facilities Finance Act of 1983, § 22-3-1201 et seq., and shall be used for the purposes as set out in the Public Facilities Finance Act of 1983, § 22-3-1201 et seq.

Acts 1973, No. 750, § 8; 1985, No. 888, § 12; A.S.A. 1947, § 13-531.
Ark. Code Ann. § 19-2-506 — AR Code / Title 19 / Chapter 2 / Subchapter 5 / Section 19-2-506
Digital images or copies of documentation
Status: in_force

(a) After a financial institution has received written notification from Arkansas Legislative Audit that the submitted samples of its imaged documents under § 19-2-505 comply with this subchapter and upon agreement with the public entity, the financial institution may provide the public entity canceled check images in the format and quality approved by Arkansas Legislative Audit. (b) The canceled check images of financial transactions provided to the public entity by the financial institution under this subchapter shall be legible and show both the front and back images of the canceled checks. (c) (1) If a financial institution provides canceled check images on tangible digital media under this subchapter, the images shall be provided on a read-only CD-ROM or other agreed upon digital media that would provide a permanent and tamper-proof record. (2) (A) If particular software is needed to view or search the digital images provided under this subchapter, the financial institution shall provide the software to the public entity and, upon request, to Arkansas Legislative Audit. (B) Software provided under subdivision (c)(2)(A) of this section shall make canceled check images clear and readable. (3) Before delivery of a CD-ROM or other tangible digital media to a public entity, a financial institution shall perform random verification of the legibility of the contents of the data. (d) (1) If a financial institution provides canceled check images to a public entity through internet access to online banking documents under this subchapter, the financial institution may provide Arkansas Legislative Audit read-only internet access to the public entity's online banking documents. (2) Read-only internet access granted under subdivision (d)(1) of this section shall permit viewing and copying of each public entity's bank statements, canceled check images, deposit slips, and other financial transaction documentation made available to the public entity. (3) (A) If particular software is needed to view or search images made available under this subsection, the financial institution shall provide the necessary software to the public entity and, upon request, to Arkansas Legislative Audit. (B) Software provided under subdivision (d)(3)(A) of this section shall make canceled check images clear and readable. (4) An online banking document made available to a public entity under this subsection shall be available for read-only internet access for at least five (5) years after the document is made available to the public entity online. (e) If a financial institution provides canceled check images on paper under this subchapter, the images shall be of such clarity and size that the details may be read without the aid of a magnifying device. (f) (1) If a financial institution provides canceled check images under this subchapter, the financial institution shall implement one (1) of the following procedures to provide verification of the authenticity of the records retained by the public entity: (A) A duplicate copy of the check images on paper and statements mailed to Arkansas Legislative Audit on a monthly basis; (B) The use of an identifying mark unique to the financial institution on the paper images of checks sent to the public entity; (C) The delivery of a duplicate copy of the check images stored on tangible digital media, conforming to the digital imaging specifications stated in this subchapter, to Arkansas Legislative Audit on a monthly basis; (D) The provision to Arkansas Legislative Audit of read-only internet access to the public entity's online banking documents in accordance with the requirements of this subchapter; or (E) Any other authenticating method approved by Arkansas Legislative Audit. (2) A financial institution may elect which of the procedures listed in subdivision (f)(1) of this section it shall implement to provide authentication of images relating to the accounts of each public entity. (g) A financial institution shall be able to, and, at the request of Arkansas Legislative Audit, shall provide duplicate copies of any checks and statements delivered to a public entity: (1) With the same clarity and size as the imaged documents previously delivered; and (2) In the format requested by Arkansas Legislative Audit if the format is currently available to the financial institution. Amended by Act 2019, No. 255,§ 1, eff. 7/24/2019. Acts 1999, No. 648, § 6.

(a) After a financial institution has received written notification from Arkansas Legislative Audit that the submitted samples of its imaged documents under § 19-2-505 comply with this subchapter and upon agreement with the public entity, the financial institution may provide the public entity canceled check images in the format and quality approved by Arkansas Legislative Audit.

(b) The canceled check images of financial transactions provided to the public entity by the financial institution under this subchapter shall be legible and show both the front and back images of the canceled checks.

(c) (1) If a financial institution provides canceled check images on tangible digital media under this subchapter, the images shall be provided on a read-only CD-ROM or other agreed upon digital media that would provide a permanent and tamper-proof record. (2) (A) If particular software is needed to view or search the digital images provided under this subchapter, the financial institution shall provide the software to the public entity and, upon request, to Arkansas Legislative Audit. (B) Software provided under subdivision (c)(2)(A) of this section shall make canceled check images clear and readable. (3) Before delivery of a CD-ROM or other tangible digital media to a public entity, a financial institution shall perform random verification of the legibility of the contents of the data.

(1) If a financial institution provides canceled check images on tangible digital media under this subchapter, the images shall be provided on a read-only CD-ROM or other agreed upon digital media that would provide a permanent and tamper-proof record.

(2) (A) If particular software is needed to view or search the digital images provided under this subchapter, the financial institution shall provide the software to the public entity and, upon request, to Arkansas Legislative Audit. (B) Software provided under subdivision (c)(2)(A) of this section shall make canceled check images clear and readable.

(A) If particular software is needed to view or search the digital images provided under this subchapter, the financial institution shall provide the software to the public entity and, upon request, to Arkansas Legislative Audit.

(B) Software provided under subdivision (c)(2)(A) of this section shall make canceled check images clear and readable.

(3) Before delivery of a CD-ROM or other tangible digital media to a public entity, a financial institution shall perform random verification of the legibility of the contents of the data.

(d) (1) If a financial institution provides canceled check images to a public entity through internet access to online banking documents under this subchapter, the financial institution may provide Arkansas Legislative Audit read-only internet access to the public entity's online banking documents. (2) Read-only internet access granted under subdivision (d)(1) of this section shall permit viewing and copying of each public entity's bank statements, canceled check images, deposit slips, and other financial transaction documentation made available to the public entity. (3) (A) If particular software is needed to view or search images made available under this subsection, the financial institution shall provide the necessary software to the public entity and, upon request, to Arkansas Legislative Audit. (B) Software provided under subdivision (d)(3)(A) of this section shall make canceled check images clear and readable. (4) An online banking document made available to a public entity under this subsection shall be available for read-only internet access for at least five (5) years after the document is made available to the public entity online.

(1) If a financial institution provides canceled check images to a public entity through internet access to online banking documents under this subchapter, the financial institution may provide Arkansas Legislative Audit read-only internet access to the public entity's online banking documents.

(2) Read-only internet access granted under subdivision (d)(1) of this section shall permit viewing and copying of each public entity's bank statements, canceled check images, deposit slips, and other financial transaction documentation made available to the public entity.

(3) (A) If particular software is needed to view or search images made available under this subsection, the financial institution shall provide the necessary software to the public entity and, upon request, to Arkansas Legislative Audit. (B) Software provided under subdivision (d)(3)(A) of this section shall make canceled check images clear and readable.

(A) If particular software is needed to view or search images made available under this subsection, the financial institution shall provide the necessary software to the public entity and, upon request, to Arkansas Legislative Audit.

(B) Software provided under subdivision (d)(3)(A) of this section shall make canceled check images clear and readable.

(4) An online banking document made available to a public entity under this subsection shall be available for read-only internet access for at least five (5) years after the document is made available to the public entity online.

(e) If a financial institution provides canceled check images on paper under this subchapter, the images shall be of such clarity and size that the details may be read without the aid of a magnifying device.

(f) (1) If a financial institution provides canceled check images under this subchapter, the financial institution shall implement one (1) of the following procedures to provide verification of the authenticity of the records retained by the public entity: (A) A duplicate copy of the check images on paper and statements mailed to Arkansas Legislative Audit on a monthly basis; (B) The use of an identifying mark unique to the financial institution on the paper images of checks sent to the public entity; (C) The delivery of a duplicate copy of the check images stored on tangible digital media, conforming to the digital imaging specifications stated in this subchapter, to Arkansas Legislative Audit on a monthly basis; (D) The provision to Arkansas Legislative Audit of read-only internet access to the public entity's online banking documents in accordance with the requirements of this subchapter; or (E) Any other authenticating method approved by Arkansas Legislative Audit. (2) A financial institution may elect which of the procedures listed in subdivision (f)(1) of this section it shall implement to provide authentication of images relating to the accounts of each public entity.

(1) If a financial institution provides canceled check images under this subchapter, the financial institution shall implement one (1) of the following procedures to provide verification of the authenticity of the records retained by the public entity: (A) A duplicate copy of the check images on paper and statements mailed to Arkansas Legislative Audit on a monthly basis; (B) The use of an identifying mark unique to the financial institution on the paper images of checks sent to the public entity; (C) The delivery of a duplicate copy of the check images stored on tangible digital media, conforming to the digital imaging specifications stated in this subchapter, to Arkansas Legislative Audit on a monthly basis; (D) The provision to Arkansas Legislative Audit of read-only internet access to the public entity's online banking documents in accordance with the requirements of this subchapter; or (E) Any other authenticating method approved by Arkansas Legislative Audit.

(A) A duplicate copy of the check images on paper and statements mailed to Arkansas Legislative Audit on a monthly basis;

(B) The use of an identifying mark unique to the financial institution on the paper images of checks sent to the public entity;

(C) The delivery of a duplicate copy of the check images stored on tangible digital media, conforming to the digital imaging specifications stated in this subchapter, to Arkansas Legislative Audit on a monthly basis;

(D) The provision to Arkansas Legislative Audit of read-only internet access to the public entity's online banking documents in accordance with the requirements of this subchapter; or

(E) Any other authenticating method approved by Arkansas Legislative Audit.

(2) A financial institution may elect which of the procedures listed in subdivision (f)(1) of this section it shall implement to provide authentication of images relating to the accounts of each public entity.

(g) A financial institution shall be able to, and, at the request of Arkansas Legislative Audit, shall provide duplicate copies of any checks and statements delivered to a public entity: (1) With the same clarity and size as the imaged documents previously delivered; and (2) In the format requested by Arkansas Legislative Audit if the format is currently available to the financial institution.

(1) With the same clarity and size as the imaged documents previously delivered; and

(2) In the format requested by Arkansas Legislative Audit if the format is currently available to the financial institution.

Amended by Act 2019, No. 255,§ 1, eff. 7/24/2019.

Acts 1999, No. 648, § 6.
Ark. Code Ann. § 19-2-104 — AR Code / Title 19 / Chapter 2 / Subchapter 1 / Section 19-2-104
Expenditures, contracts, or obligations in excess of appropriations prohibited
Status: in_force

(a) (1) No officer, employee, or agent of the State of Arkansas, nor any board of regents or board of trustees, nor any other person or authority who may make expenditures of money appropriated for the different state institutions or who may direct the expenditure of such money so appropriated shall expend or direct the expenditure of moneys or funds in excess of the amount appropriated and becoming a part of any appropriation by executive approval for the particular purpose named in the act making the appropriations. (2) No officer, employee, agent, person, board, or authority shall make any contract that will exceed the amount appropriated and becoming a part of any appropriation act by executive approval for the particular purpose named in the act making the appropriation. (3) No officer, agent, person, board, or authority shall incur any obligation for any purpose in excess of the amount appropriated and becoming a part of any appropriation by executive approval for the particular purpose named in the act making the appropriation, except as provided. (b) Any person violating a provision of this section shall be guilty of a violation and upon conviction shall be fined in any sum not less than fifty dollars ($50.00) nor more than two hundred dollars ($200). Acts 1913, No. 234, §§ 1, 5; C. & M. Dig., §§ 2838, 2842, 9245, 9249; Pope's Dig., §§ 3562, 3566, 11931, 11935; A.S.A. 1947, §§ 13-625, 13-626; Acts 2005, No. 1994, § 101.

(a) (1) No officer, employee, or agent of the State of Arkansas, nor any board of regents or board of trustees, nor any other person or authority who may make expenditures of money appropriated for the different state institutions or who may direct the expenditure of such money so appropriated shall expend or direct the expenditure of moneys or funds in excess of the amount appropriated and becoming a part of any appropriation by executive approval for the particular purpose named in the act making the appropriations. (2) No officer, employee, agent, person, board, or authority shall make any contract that will exceed the amount appropriated and becoming a part of any appropriation act by executive approval for the particular purpose named in the act making the appropriation. (3) No officer, agent, person, board, or authority shall incur any obligation for any purpose in excess of the amount appropriated and becoming a part of any appropriation by executive approval for the particular purpose named in the act making the appropriation, except as provided.

(1) No officer, employee, or agent of the State of Arkansas, nor any board of regents or board of trustees, nor any other person or authority who may make expenditures of money appropriated for the different state institutions or who may direct the expenditure of such money so appropriated shall expend or direct the expenditure of moneys or funds in excess of the amount appropriated and becoming a part of any appropriation by executive approval for the particular purpose named in the act making the appropriations.

(2) No officer, employee, agent, person, board, or authority shall make any contract that will exceed the amount appropriated and becoming a part of any appropriation act by executive approval for the particular purpose named in the act making the appropriation.

(3) No officer, agent, person, board, or authority shall incur any obligation for any purpose in excess of the amount appropriated and becoming a part of any appropriation by executive approval for the particular purpose named in the act making the appropriation, except as provided.

(b) Any person violating a provision of this section shall be guilty of a violation and upon conviction shall be fined in any sum not less than fifty dollars ($50.00) nor more than two hundred dollars ($200).

Acts 1913, No. 234, §§ 1, 5; C. & M. Dig., §§ 2838, 2842, 9245, 9249; Pope's Dig., §§ 3562, 3566, 11931, 11935; A.S.A. 1947, §§ 13-625, 13-626; Acts 2005, No. 1994, § 101.
Ark. Code Ann. § 19-5-707 — AR Code / Title 19 / Chapter 5 / Subchapter 7 / Section 19-5-707
Contributions generally
Status: in_force

(a) Each state agency shall make contributions to the Unemployment Compensation Revolving Fund using the experience rate determined in accordance with § 11-10-704 from personal services matching costs funds within fourteen (14) calendar days following the end of each calendar quarter. The experience rate for each even-numbered fiscal year will be used to fix the rate for the next even-numbered fiscal year. Each odd-numbered fiscal year's experience rate will be used to fix the next odd-numbered fiscal year rate. (b) If during any fiscal year the Chief Fiscal Officer of the State determines that the contribution rate for any agency will result in a significant surplus or deficit for that fiscal year, then he or she shall have the authority to adjust the agency contribution rate to reduce such surplus or recover any such deficit, subject to the provisions of § 19-5-708 . Acts 1977, No. 608, § 4; 1979, No. 697, § 1; A.S.A. 1947, § 13-554.3.

(a) Each state agency shall make contributions to the Unemployment Compensation Revolving Fund using the experience rate determined in accordance with § 11-10-704 from personal services matching costs funds within fourteen (14) calendar days following the end of each calendar quarter. The experience rate for each even-numbered fiscal year will be used to fix the rate for the next even-numbered fiscal year. Each odd-numbered fiscal year's experience rate will be used to fix the next odd-numbered fiscal year rate.

(b) If during any fiscal year the Chief Fiscal Officer of the State determines that the contribution rate for any agency will result in a significant surplus or deficit for that fiscal year, then he or she shall have the authority to adjust the agency contribution rate to reduce such surplus or recover any such deficit, subject to the provisions of § 19-5-708 .

Acts 1977, No. 608, § 4; 1979, No. 697, § 1; A.S.A. 1947, § 13-554.3.
Ark. Code Ann. § 19-5-1245 — AR Code / Title 19 / Chapter 5 / Subchapter 12 / Section 19-5-1245
Arkansas Great Places Program Fund
Status: in_force

(a) The Division of Arkansas Heritage may establish in a bank authorized to do business in this state and selected by the division a revolving cash fund entitled "Arkansas Great Places Program Fund" into which the division shall deposit all funds received as matching funds from eligible organizations participating in the Arkansas Great Places Program under § 15-11-801 et seq. (b) The division may receive gifts, grants, bequests, devises, and donations made to the division, amounts received as matching funds from eligible organizations participating in the Arkansas Great Places Program under § 15-11-801 et seq., and any other funds authorized by law to be used in the furtherance of the purposes of the Arkansas Great Places Program under § 15-11-801 et seq. (c) In addition, the division may accept gifts, grants, or donations from the United States Government or agencies thereof, and private individuals, foundations, or concerns to be used for the purposes of the Arkansas Great Places Program under § 15-11-801 et seq. Amended by Act 2019, No. 910,§ 5673, eff. 7/1/2019. Acts 2011, No. 896, § 2.

(a) The Division of Arkansas Heritage may establish in a bank authorized to do business in this state and selected by the division a revolving cash fund entitled "Arkansas Great Places Program Fund" into which the division shall deposit all funds received as matching funds from eligible organizations participating in the Arkansas Great Places Program under § 15-11-801 et seq.

(b) The division may receive gifts, grants, bequests, devises, and donations made to the division, amounts received as matching funds from eligible organizations participating in the Arkansas Great Places Program under § 15-11-801 et seq., and any other funds authorized by law to be used in the furtherance of the purposes of the Arkansas Great Places Program under § 15-11-801 et seq.

(c) In addition, the division may accept gifts, grants, or donations from the United States Government or agencies thereof, and private individuals, foundations, or concerns to be used for the purposes of the Arkansas Great Places Program under § 15-11-801 et seq.

Amended by Act 2019, No. 910,§ 5673, eff. 7/1/2019.

Acts 2011, No. 896, § 2.
Ark. Code Ann. § 19-6-821 — AR Code / Title 19 / Chapter 6 / Subchapter 8 / Section 19-6-821
County Coroners Continuing Education Fund
Status: in_force

(a) There is created on the books of the Treasurer of State, the Auditor of State, and the Chief Fiscal Officer of the State a special revenue fund to be known as the "County Coroners Continuing Education Fund". (b) (1) The fund shall consist of those special revenues as specified in § 19-6-301 (246). (2) The fund also shall consist of any other revenues as may be authorized by law. (c) The fund shall be used for defraying the expenses of training seminars and other educational projects benefiting county coroners in this state as set out in §§ 14-15-308 , 16-20-105 , 16-20-110 , and § 26-60-101 et seq. Added by Act 2013, No. 551,§ 7, eff. 8/16/2013.

(a) There is created on the books of the Treasurer of State, the Auditor of State, and the Chief Fiscal Officer of the State a special revenue fund to be known as the "County Coroners Continuing Education Fund".

(b) (1) The fund shall consist of those special revenues as specified in § 19-6-301 (246). (2) The fund also shall consist of any other revenues as may be authorized by law.

(1) The fund shall consist of those special revenues as specified in § 19-6-301 (246).

(2) The fund also shall consist of any other revenues as may be authorized by law.

(c) The fund shall be used for defraying the expenses of training seminars and other educational projects benefiting county coroners in this state as set out in §§ 14-15-308 , 16-20-105 , 16-20-110 , and § 26-60-101 et seq.

Added by Act 2013, No. 551,§ 7, eff. 8/16/2013.
Ark. Code Ann. § 19-7-604 — AR Code / Title 19 / Chapter 7 / Subchapter 6 / Section 19-7-604
Federal grants, aids, and reimbursement procedures
Status: in_force

(a) Requests for Federal Grants. (1) All formal applications for federal funds for grants, aids, and reimbursements originated by a state agency, board, commission, department, or institution shall be submitted to the Department of Finance and Administration prior to their submission to the granting source. (2) Applications shall include, in a manner prescribed by the Secretary of the Department of Finance and Administration, a summary of the proposed project. (3) The summary will include the indirect cost rate of the applicant agency, together with a projection of funds to be received as indirect cost reimbursement. (4) The Department of Finance and Administration shall file with the Bureau of Legislative Research a summary of these applications for their review. (b) Preliminary Proposals. (1) Preliminary, preapplication, or informal proposals which may eventually result in a commitment of personnel, space, facilities, or state funds shall be submitted to the Department of Finance and Administration at the time they are submitted to the federal granting agency. (2) In order to eliminate overlap, inefficiency, or a violation of legislative intent, the secretary may require a review of the proposal, soliciting comment from other agencies which might be affected, and may require the suspension of negotiations until the review is completed. (3) The provisions of this subsection shall not be applicable to institutions of higher education. However, a copy of the preliminary proposals shall be submitted to the Department of Finance and Administration for the information of the Department of Finance and Administration. (c) Procedural Requirements. The Department of Finance and Administration shall prescribe procedures relative to preliminary proposals and formal applications for federal grants, aids, and reimbursements. (d) Receipt of Funds. (1) When any state agency receives notification of an award of any federal funds, grants, aids, or reimbursements, including unsolicited funds, the Department of Finance and Administration shall be notified on forms to be prescribed by the secretary. (2) Included on such forms will be a section to report payments from federal funds for indirect cost reimbursements resulting from: (A) Overhead costs of the agency, board, commission, department, or institution; and (B) Overhead costs of state central services allocated to that agency, board, commission, department, or institution through the Statewide Cost Allocation Plan. (3) The Department of Finance and Administration will provide the Bureau of Legislative Research a summary of such notifications for review. (e) State Clearinghouse. (1) The Office of Intergovernmental Services is to function as the state clearinghouse for coordinating the review and comment process relative to applications for federal funding assistance under Executive Order 12372 and other provisions of this subchapter. (2) The Department of Finance and Administration shall be responsible, in consultation with state and local elected officials, for developing procedures to implement the review and comment process for applications for federal funding assistance. Amended by Act 2019, No. 910,§ 3467, eff. 7/1/2019. Amended by Act 2019, No. 910,§ 3466, eff. 7/1/2019. Amended by Act 2019, No. 910,§ 3465, eff. 7/1/2019. Acts 1983, No. 498, § 4; A.S.A. 1947, § 13-761.

(a) Requests for Federal Grants. (1) All formal applications for federal funds for grants, aids, and reimbursements originated by a state agency, board, commission, department, or institution shall be submitted to the Department of Finance and Administration prior to their submission to the granting source. (2) Applications shall include, in a manner prescribed by the Secretary of the Department of Finance and Administration, a summary of the proposed project. (3) The summary will include the indirect cost rate of the applicant agency, together with a projection of funds to be received as indirect cost reimbursement. (4) The Department of Finance and Administration shall file with the Bureau of Legislative Research a summary of these applications for their review.

(1) All formal applications for federal funds for grants, aids, and reimbursements originated by a state agency, board, commission, department, or institution shall be submitted to the Department of Finance and Administration prior to their submission to the granting source.

(2) Applications shall include, in a manner prescribed by the Secretary of the Department of Finance and Administration, a summary of the proposed project.

(3) The summary will include the indirect cost rate of the applicant agency, together with a projection of funds to be received as indirect cost reimbursement.

(4) The Department of Finance and Administration shall file with the Bureau of Legislative Research a summary of these applications for their review.

(b) Preliminary Proposals. (1) Preliminary, preapplication, or informal proposals which may eventually result in a commitment of personnel, space, facilities, or state funds shall be submitted to the Department of Finance and Administration at the time they are submitted to the federal granting agency. (2) In order to eliminate overlap, inefficiency, or a violation of legislative intent, the secretary may require a review of the proposal, soliciting comment from other agencies which might be affected, and may require the suspension of negotiations until the review is completed. (3) The provisions of this subsection shall not be applicable to institutions of higher education. However, a copy of the preliminary proposals shall be submitted to the Department of Finance and Administration for the information of the Department of Finance and Administration.

(1) Preliminary, preapplication, or informal proposals which may eventually result in a commitment of personnel, space, facilities, or state funds shall be submitted to the Department of Finance and Administration at the time they are submitted to the federal granting agency.

(2) In order to eliminate overlap, inefficiency, or a violation of legislative intent, the secretary may require a review of the proposal, soliciting comment from other agencies which might be affected, and may require the suspension of negotiations until the review is completed.

(3) The provisions of this subsection shall not be applicable to institutions of higher education. However, a copy of the preliminary proposals shall be submitted to the Department of Finance and Administration for the information of the Department of Finance and Administration.

(c) Procedural Requirements. The Department of Finance and Administration shall prescribe procedures relative to preliminary proposals and formal applications for federal grants, aids, and reimbursements.

(d) Receipt of Funds. (1) When any state agency receives notification of an award of any federal funds, grants, aids, or reimbursements, including unsolicited funds, the Department of Finance and Administration shall be notified on forms to be prescribed by the secretary. (2) Included on such forms will be a section to report payments from federal funds for indirect cost reimbursements resulting from: (A) Overhead costs of the agency, board, commission, department, or institution; and (B) Overhead costs of state central services allocated to that agency, board, commission, department, or institution through the Statewide Cost Allocation Plan. (3) The Department of Finance and Administration will provide the Bureau of Legislative Research a summary of such notifications for review.

(1) When any state agency receives notification of an award of any federal funds, grants, aids, or reimbursements, including unsolicited funds, the Department of Finance and Administration shall be notified on forms to be prescribed by the secretary.

(2) Included on such forms will be a section to report payments from federal funds for indirect cost reimbursements resulting from: (A) Overhead costs of the agency, board, commission, department, or institution; and (B) Overhead costs of state central services allocated to that agency, board, commission, department, or institution through the Statewide Cost Allocation Plan.

(A) Overhead costs of the agency, board, commission, department, or institution; and

(B) Overhead costs of state central services allocated to that agency, board, commission, department, or institution through the Statewide Cost Allocation Plan.

(3) The Department of Finance and Administration will provide the Bureau of Legislative Research a summary of such notifications for review.

(e) State Clearinghouse. (1) The Office of Intergovernmental Services is to function as the state clearinghouse for coordinating the review and comment process relative to applications for federal funding assistance under Executive Order 12372 and other provisions of this subchapter. (2) The Department of Finance and Administration shall be responsible, in consultation with state and local elected officials, for developing procedures to implement the review and comment process for applications for federal funding assistance.

(1) The Office of Intergovernmental Services is to function as the state clearinghouse for coordinating the review and comment process relative to applications for federal funding assistance under Executive Order 12372 and other provisions of this subchapter.

(2) The Department of Finance and Administration shall be responsible, in consultation with state and local elected officials, for developing procedures to implement the review and comment process for applications for federal funding assistance.

Amended by Act 2019, No. 910,§ 3467, eff. 7/1/2019.

Amended by Act 2019, No. 910,§ 3466, eff. 7/1/2019.

Amended by Act 2019, No. 910,§ 3465, eff. 7/1/2019.

Acts 1983, No. 498, § 4; A.S.A. 1947, § 13-761.
Ark. Code Ann. § 19-10-404 — AR Code / Title 19 / Chapter 10 / Subchapter 4 / Section 19-10-404
State deemed self-insurer
Status: in_force

For the purposes of this subchapter, the State of Arkansas shall be considered a self-insurer and shall be exempt from all fees and tax as such. Acts 1949, No. 462, § 7; 1951, No. 373, § 3; 1963, No. 521, § 1; 1979, No. 597, § 1; A.S.A. 1947, § 13-1407.

For the purposes of this subchapter, the State of Arkansas shall be considered a self-insurer and shall be exempt from all fees and tax as such.

Acts 1949, No. 462, § 7; 1951, No. 373, § 3; 1963, No. 521, § 1; 1979, No. 597, § 1; A.S.A. 1947, § 13-1407.
Ark. Code Ann. § 19-3-604 — AR Code / Title 19 / Chapter 3 / Subchapter 6 / Section 19-3-604
Fund provisions
Status: in_force

(a) The investment policy and all other policies, documents, rules, and procedures established or approved by the State Board of Finance under § 19-3-701 et seq. apply to the administration of this subchapter by the Treasurer of State. (b) The Treasurer of State may invest or deposit funds in the State Treasury Money Management Trust as authorized in § 19-3-518 . (c) (1) Moneys deposited into the State Treasury Money Management Trust by participants other than the State Treasury are not and shall not become part of State Treasury funds. (2) The State Treasury Money Management Trust shall operate as a segregated account for custodial, depository, and accounting purposes. (3) (A) A participant may deposit at will into and, up to the balance of the participant's account, obtain moneys upon demand from the State Treasury Money Management Trust. (B) A demand for funds by a participant under this subdivision (c)(3) shall be made by notice as prescribed by the board. (d) Each participant who elects to deposit money into the State Treasury Money Management Trust shall provide the account information required by the board, including without limitation the identity of any person authorized to conduct transactions on behalf of the participant. (e) Any loss of principal or interest realized as the result of a participant's demand for withdrawal of funds shall be incurred by the participant requesting the withdrawal and deducted on the day the withdrawal is made. (f) (1) The Treasurer of State may: (A) Assess reasonable charges against the account of a participant in the State Treasury Money Management Trust for reimbursement of administration and operational expenses; and (B) Charge a reasonable fee for managing the State Treasury Money Management Trust. (2) The board shall set any charge or fee imposed under this subsection. (3) Charges and fees received under this subsection shall be deposited into the State Treasury in a fund for the benefit of the Treasurer of State. (g) All interest and earnings received on the money of the State Treasury Money Management Trust shall be credited to the State Treasury Money Management Trust for distribution to the participants of the State Treasury Money Management Trust after any charges or fees due under subsection (f) of this section are deducted. (h) After deducting any charges or fees due under subsection (f) of this section, on the second business day that the State Treasury is open after the twenty-fifth day of the month, the Treasurer of State shall distribute the monthly earnings of the State Treasury Money Management Trust during the preceding month. (i) The board shall establish the method of computing a participant's rate of return, earnings, charges, fees, and expenses to determine the distribution for each participant. (j) The monthly sum of a participant's daily earnings, after deducting administrative charges and fees under subsection (f) of this section, shall be credited to the participant's account and reinvested, unless otherwise instructed by the participant, on the distribution date stated in subsection (h) of this section. Amended by Act 2017, No. 296,§ 1, eff. 2/28/2017. Amended by Act 2013, No. 1088,§ 3, eff. 8/16/2013. Acts 1997, No. 1179, § 5.

(a) The investment policy and all other policies, documents, rules, and procedures established or approved by the State Board of Finance under § 19-3-701 et seq. apply to the administration of this subchapter by the Treasurer of State.

(b) The Treasurer of State may invest or deposit funds in the State Treasury Money Management Trust as authorized in § 19-3-518 .

(c) (1) Moneys deposited into the State Treasury Money Management Trust by participants other than the State Treasury are not and shall not become part of State Treasury funds. (2) The State Treasury Money Management Trust shall operate as a segregated account for custodial, depository, and accounting purposes. (3) (A) A participant may deposit at will into and, up to the balance of the participant's account, obtain moneys upon demand from the State Treasury Money Management Trust. (B) A demand for funds by a participant under this subdivision (c)(3) shall be made by notice as prescribed by the board.

(1) Moneys deposited into the State Treasury Money Management Trust by participants other than the State Treasury are not and shall not become part of State Treasury funds.

(2) The State Treasury Money Management Trust shall operate as a segregated account for custodial, depository, and accounting purposes.

(3) (A) A participant may deposit at will into and, up to the balance of the participant's account, obtain moneys upon demand from the State Treasury Money Management Trust. (B) A demand for funds by a participant under this subdivision (c)(3) shall be made by notice as prescribed by the board.

(A) A participant may deposit at will into and, up to the balance of the participant's account, obtain moneys upon demand from the State Treasury Money Management Trust.

(B) A demand for funds by a participant under this subdivision (c)(3) shall be made by notice as prescribed by the board.

(d) Each participant who elects to deposit money into the State Treasury Money Management Trust shall provide the account information required by the board, including without limitation the identity of any person authorized to conduct transactions on behalf of the participant.

(e) Any loss of principal or interest realized as the result of a participant's demand for withdrawal of funds shall be incurred by the participant requesting the withdrawal and deducted on the day the withdrawal is made.

(f) (1) The Treasurer of State may: (A) Assess reasonable charges against the account of a participant in the State Treasury Money Management Trust for reimbursement of administration and operational expenses; and (B) Charge a reasonable fee for managing the State Treasury Money Management Trust. (2) The board shall set any charge or fee imposed under this subsection. (3) Charges and fees received under this subsection shall be deposited into the State Treasury in a fund for the benefit of the Treasurer of State.

(1) The Treasurer of State may: (A) Assess reasonable charges against the account of a participant in the State Treasury Money Management Trust for reimbursement of administration and operational expenses; and (B) Charge a reasonable fee for managing the State Treasury Money Management Trust.

(A) Assess reasonable charges against the account of a participant in the State Treasury Money Management Trust for reimbursement of administration and operational expenses; and

(B) Charge a reasonable fee for managing the State Treasury Money Management Trust.

(2) The board shall set any charge or fee imposed under this subsection.

(3) Charges and fees received under this subsection shall be deposited into the State Treasury in a fund for the benefit of the Treasurer of State.

(g) All interest and earnings received on the money of the State Treasury Money Management Trust shall be credited to the State Treasury Money Management Trust for distribution to the participants of the State Treasury Money Management Trust after any charges or fees due under subsection (f) of this section are deducted.

(h) After deducting any charges or fees due under subsection (f) of this section, on the second business day that the State Treasury is open after the twenty-fifth day of the month, the Treasurer of State shall distribute the monthly earnings of the State Treasury Money Management Trust during the preceding month.

(i) The board shall establish the method of computing a participant's rate of return, earnings, charges, fees, and expenses to determine the distribution for each participant.

(j) The monthly sum of a participant's daily earnings, after deducting administrative charges and fees under subsection (f) of this section, shall be credited to the participant's account and reinvested, unless otherwise instructed by the participant, on the distribution date stated in subsection (h) of this section.

Amended by Act 2017, No. 296,§ 1, eff. 2/28/2017.

Amended by Act 2013, No. 1088,§ 3, eff. 8/16/2013.

Acts 1997, No. 1179, § 5.
Ark. Code Ann. § 19-5-1077 — AR Code / Title 19 / Chapter 5 / Subchapter 10 / Section 19-5-1077
Administrative Services - Client Specific Emergency Services Revolving Fund Paying Account
Status: in_force

(a) The Office of Finance and Administration of the Department of Human Services is authorized to establish and maintain as a cash fund account the Client Specific Emergency Services Revolving Fund Paying Account consisting of federal grants, aids, cash donations, reimbursements, and state general revenue, not to exceed a daily balance of ten thousand dollars ($10,000), for delivery of immediate care, short-term, or emergency services to eligible clients. (b) The account shall be established and maintained in accordance with procedures established by the Chief Fiscal Officer of the State for cash funds and shall be administered under the direction of the Secretary of the Department of Human Services. Amended by Act 2019, No. 910,§ 5165, eff. 7/1/2019. Acts 1985, No. 772, § 9; 1995, No. 1198, § 64; 1997, No. 1360, § 66.

(a) The Office of Finance and Administration of the Department of Human Services is authorized to establish and maintain as a cash fund account the Client Specific Emergency Services Revolving Fund Paying Account consisting of federal grants, aids, cash donations, reimbursements, and state general revenue, not to exceed a daily balance of ten thousand dollars ($10,000), for delivery of immediate care, short-term, or emergency services to eligible clients.

(b) The account shall be established and maintained in accordance with procedures established by the Chief Fiscal Officer of the State for cash funds and shall be administered under the direction of the Secretary of the Department of Human Services.

Amended by Act 2019, No. 910,§ 5165, eff. 7/1/2019.

Acts 1985, No. 772, § 9; 1995, No. 1198, § 64; 1997, No. 1360, § 66.
Ark. Code Ann. § 19-3-503 — AR Code / Title 19 / Chapter 3 / Subchapter 5 / Section 19-3-503
State Treasury accounts
Status: in_force

The Treasurer of State may create and rename accounts to ensure the proper accounting and administration of the State Treasury. Amended by Act 2013, No. 1088,§ 2, eff. 8/16/2013. Acts 1997, No. 847, § 1.

The Treasurer of State may create and rename accounts to ensure the proper accounting and administration of the State Treasury.

Amended by Act 2013, No. 1088,§ 2, eff. 8/16/2013.

Acts 1997, No. 847, § 1.
Ark. Code Ann. § 19-4-1903 — AR Code / Title 19 / Chapter 4 / Subchapter 19 / Section 19-4-1903
Evaluation report
Status: in_force

Each request submitted to the Department of Finance and Administration shall be accompanied with an evaluation report prepared by the state agency that includes information as follows, but not necessarily limited thereto: (1) A description of the purpose of the program; (2) An explanation of the relationship of the program or plan to the agency's total program and why the program is needed; (3) Its priority in the total program; (4) A statement whether similar programs are being conducted, if known, or could be conducted in or by other agencies; (5) An explanation of the effects of this program and the state's obligation, if any, to continue the program, and the level of continuance, in the event federal funds are curtailed; (6) A statement of how the agency's programs and objectives would be affected if the request is not approved; and (7) The amount of overhead payment anticipated from federal funds, and its adequacy, to reimburse the agency and central state services for actual indirect costs reimbursements. Acts 1973, No. 876, § 21; A.S.A. 1947, § 13-347.

Each request submitted to the Department of Finance and Administration shall be accompanied with an evaluation report prepared by the state agency that includes information as follows, but not necessarily limited thereto:

(1) A description of the purpose of the program;

(2) An explanation of the relationship of the program or plan to the agency's total program and why the program is needed;

(3) Its priority in the total program;

(4) A statement whether similar programs are being conducted, if known, or could be conducted in or by other agencies;

(5) An explanation of the effects of this program and the state's obligation, if any, to continue the program, and the level of continuance, in the event federal funds are curtailed;

(6) A statement of how the agency's programs and objectives would be affected if the request is not approved; and

(7) The amount of overhead payment anticipated from federal funds, and its adequacy, to reimburse the agency and central state services for actual indirect costs reimbursements.

Acts 1973, No. 876, § 21; A.S.A. 1947, § 13-347.
Ark. Code Ann. § 19-5-905 — AR Code / Title 19 / Chapter 5 / Subchapter 9 / Section 19-5-905
Securities Reserve Fund
Status: in_force

(a) There is established on the books of the Treasurer of State, the Auditor of State, and the Chief Fiscal Officer of the State a trust fund to be known as the "Securities Reserve Fund". The Securities Reserve Fund shall consist of moneys derived from savings effected in the retirement in advance of maturity of nonhighway direct general obligation bonds of the state, of discounts received in the purchase of securities, and of premiums and interest derived from the sale of securities held in the Securities Account by the Treasurer of State as custodian. The Securities Reserve Fund shall be used as follows: (1) To pay premiums and the purchase and absorbing of discounts in the sale of securities held in the Securities Account, not to exceed five hundred thousand dollars ($500,000) in any one (1) fiscal year; (2) To guarantee bonds in an aggregate principal amount not to exceed five million dollars ($5,000,000) outstanding at any time, with no bond bearing interest at a rate exceeding eight percent (8%) per annum, of the Museum and Cultural Commission Fund authorized, and in the manner prescribed in the Arkansas Museum and Cultural Center Act, § 13-5-301 et seq., not to exceed five hundred thousand dollars ($500,000) in any one (1) fiscal year; (3) To guarantee bonds of any other park or recreation facility approved by the Governor and the Department of Parks, Heritage, and Tourism, not to exceed five hundred thousand dollars ($500,000) in the aggregate, after seeking advice of the Legislative Council and the Legislative Joint Auditing Committee; (4) To guarantee industrial development bonds as authorized by §§ 15-4-702 - 15-4-710 ; (5) To absorb losses incurred in the investing of securities held in the Securities Account in the State Treasury and in bank depositories. The balance of the Securities Reserve Fund shall always be available for this purpose; (6) To guarantee loans to students to attend truck driving school at the Arkansas Commercial Driver Training Institute at Arkansas State University-Newport, in an aggregate principal amount not to exceed four hundred thousand dollars ($400,000) outstanding at any one (1) time; (7) To distribute: (A) Interest income earned on investment of balances of the following: (i) The State Highway and Transportation Department Fund, as authorized by § 27-70-204 ; (ii) The Game Protection Fund, as authorized by § 15-41-110 ; (iii) The funds deposited into the State Treasury by state agencies, boards, and commissions that were previously held as cash funds in a bank depository or investment depository, as authorized by § 19-3-518(d) ; and (iv) State and Local Fiscal Assistance Act of 1972, 31 U.S.C. § 6701 et seq., as authorized by § 19-3-521(c) ; and (B) Interest income earned from investment of State Treasury balances by any other laws enacted by the General Assembly; (8) After the distributions enumerated in subdivision (a)(7) of this section, for a one-time transfer by the Chief Fiscal Officer of the State of one million five hundred thousand dollars ($1,500,000) to the Arkansas Highway Transfer Fund, to be transferred only in Fiscal Year 2017; (9) After the distributions enumerated in subdivisions (a)(7) and (8) of this section, for a transfer by the Chief Fiscal Officer of the State of five million dollars ($5,000,000) each fiscal year to the Budget Stabilization Trust Fund; (10) After the transfer to the Budget Stabilization Trust Fund enumerated in subdivision (a)(9) of this section, for a transfer by the Chief Fiscal Officer of the State of twenty million dollars ($20,000,000) beginning in Fiscal Year 2018 and each fiscal year thereafter to the Arkansas Highway Transfer Fund; (11) For a transfer by the Chief Fiscal Officer of the State on the last business day of the fiscal year to the Budget Stabilization Trust Fund to reimburse the Budget Stabilization Trust Fund for any current fiscal year transfers that have been made to the following: (A) The Division of Correction Farm Fund under § 19-5-501(b)(1) ; (B) The Department of the Military Fund Account under § 19-5-501(b)(3) ; (C) The Disaster Assistance Fund under § 19-5-1006 ; (D) The Miscellaneous Revolving Fund under § 19-5-1009 ; (E) The State Central Services Fund under § 19-5-501(d) ; and (F) The State Board of Election Commissioners, as authorized by law; and (12) After all distributions and transfers under this section, less one hundred thousand dollars ($100,000) under § 19-3-521(a)(2) , for a transfer by the Chief Fiscal Officer of the State on the last business day of the fiscal year of the fund balance to the Catastrophic Reserve Fund. (b) If any loss is sustained in relation to securities at any time held in the Securities Account or in any bank depository and if the credit balance in the Securities Reserve Fund is insufficient to absorb the loss, the Chief Fiscal Officer of the State shall cause a transfer of moneys to be made from the Budget Stabilization Trust Fund to the Securities Reserve Fund in such amount as shall, when added to the credit balance in the Securities Reserve Fund, equal the amount of the loss. It is the intent of the General Assembly that no loss shall be sustained by any account the funds of which were used in making such investments and deposits. Amended by Act 2021EX2, No. 2,§ 2, eff. 12/9/2021. Amended by Act 2021EX2, No. 1,§ 2, eff. 12/9/2021. Amended by Act 2019, No. 910,§ 986, eff. 7/1/2019. Amended by Act 2017, No. 555,§ 5, eff. 7/1/2017. Amended by Act 2016EX3, No. 1,§ 8, eff. 7/1/2016. Acts 1973, No. 750, § 8; 1975, No. 868, § 14; 1975 (Extended Sess., 1976), No. 1018, § 1; A.S.A. 1947, § 13-531; reen. Acts 1987, No. 860, § 1; 1995, No. 1084, § 1.

(a) There is established on the books of the Treasurer of State, the Auditor of State, and the Chief Fiscal Officer of the State a trust fund to be known as the "Securities Reserve Fund". The Securities Reserve Fund shall consist of moneys derived from savings effected in the retirement in advance of maturity of nonhighway direct general obligation bonds of the state, of discounts received in the purchase of securities, and of premiums and interest derived from the sale of securities held in the Securities Account by the Treasurer of State as custodian. The Securities Reserve Fund shall be used as follows: (1) To pay premiums and the purchase and absorbing of discounts in the sale of securities held in the Securities Account, not to exceed five hundred thousand dollars ($500,000) in any one (1) fiscal year; (2) To guarantee bonds in an aggregate principal amount not to exceed five million dollars ($5,000,000) outstanding at any time, with no bond bearing interest at a rate exceeding eight percent (8%) per annum, of the Museum and Cultural Commission Fund authorized, and in the manner prescribed in the Arkansas Museum and Cultural Center Act, § 13-5-301 et seq., not to exceed five hundred thousand dollars ($500,000) in any one (1) fiscal year; (3) To guarantee bonds of any other park or recreation facility approved by the Governor and the Department of Parks, Heritage, and Tourism, not to exceed five hundred thousand dollars ($500,000) in the aggregate, after seeking advice of the Legislative Council and the Legislative Joint Auditing Committee; (4) To guarantee industrial development bonds as authorized by §§ 15-4-702 - 15-4-710 ; (5) To absorb losses incurred in the investing of securities held in the Securities Account in the State Treasury and in bank depositories. The balance of the Securities Reserve Fund shall always be available for this purpose; (6) To guarantee loans to students to attend truck driving school at the Arkansas Commercial Driver Training Institute at Arkansas State University-Newport, in an aggregate principal amount not to exceed four hundred thousand dollars ($400,000) outstanding at any one (1) time; (7) To distribute: (A) Interest income earned on investment of balances of the following: (i) The State Highway and Transportation Department Fund, as authorized by § 27-70-204 ; (ii) The Game Protection Fund, as authorized by § 15-41-110 ; (iii) The funds deposited into the State Treasury by state agencies, boards, and commissions that were previously held as cash funds in a bank depository or investment depository, as authorized by § 19-3-518(d) ; and (iv) State and Local Fiscal Assistance Act of 1972, 31 U.S.C. § 6701 et seq., as authorized by § 19-3-521(c) ; and (B) Interest income earned from investment of State Treasury balances by any other laws enacted by the General Assembly; (8) After the distributions enumerated in subdivision (a)(7) of this section, for a one-time transfer by the Chief Fiscal Officer of the State of one million five hundred thousand dollars ($1,500,000) to the Arkansas Highway Transfer Fund, to be transferred only in Fiscal Year 2017; (9) After the distributions enumerated in subdivisions (a)(7) and (8) of this section, for a transfer by the Chief Fiscal Officer of the State of five million dollars ($5,000,000) each fiscal year to the Budget Stabilization Trust Fund; (10) After the transfer to the Budget Stabilization Trust Fund enumerated in subdivision (a)(9) of this section, for a transfer by the Chief Fiscal Officer of the State of twenty million dollars ($20,000,000) beginning in Fiscal Year 2018 and each fiscal year thereafter to the Arkansas Highway Transfer Fund; (11) For a transfer by the Chief Fiscal Officer of the State on the last business day of the fiscal year to the Budget Stabilization Trust Fund to reimburse the Budget Stabilization Trust Fund for any current fiscal year transfers that have been made to the following: (A) The Division of Correction Farm Fund under § 19-5-501(b)(1) ; (B) The Department of the Military Fund Account under § 19-5-501(b)(3) ; (C) The Disaster Assistance Fund under § 19-5-1006 ; (D) The Miscellaneous Revolving Fund under § 19-5-1009 ; (E) The State Central Services Fund under § 19-5-501(d) ; and (F) The State Board of Election Commissioners, as authorized by law; and (12) After all distributions and transfers under this section, less one hundred thousand dollars ($100,000) under § 19-3-521(a)(2) , for a transfer by the Chief Fiscal Officer of the State on the last business day of the fiscal year of the fund balance to the Catastrophic Reserve Fund.

(1) To pay premiums and the purchase and absorbing of discounts in the sale of securities held in the Securities Account, not to exceed five hundred thousand dollars ($500,000) in any one (1) fiscal year;

(2) To guarantee bonds in an aggregate principal amount not to exceed five million dollars ($5,000,000) outstanding at any time, with no bond bearing interest at a rate exceeding eight percent (8%) per annum, of the Museum and Cultural Commission Fund authorized, and in the manner prescribed in the Arkansas Museum and Cultural Center Act, § 13-5-301 et seq., not to exceed five hundred thousand dollars ($500,000) in any one (1) fiscal year;

(3) To guarantee bonds of any other park or recreation facility approved by the Governor and the Department of Parks, Heritage, and Tourism, not to exceed five hundred thousand dollars ($500,000) in the aggregate, after seeking advice of the Legislative Council and the Legislative Joint Auditing Committee;

(4) To guarantee industrial development bonds as authorized by §§ 15-4-702 - 15-4-710 ;

(5) To absorb losses incurred in the investing of securities held in the Securities Account in the State Treasury and in bank depositories. The balance of the Securities Reserve Fund shall always be available for this purpose;

(6) To guarantee loans to students to attend truck driving school at the Arkansas Commercial Driver Training Institute at Arkansas State University-Newport, in an aggregate principal amount not to exceed four hundred thousand dollars ($400,000) outstanding at any one (1) time;

(7) To distribute: (A) Interest income earned on investment of balances of the following: (i) The State Highway and Transportation Department Fund, as authorized by § 27-70-204 ; (ii) The Game Protection Fund, as authorized by § 15-41-110 ; (iii) The funds deposited into the State Treasury by state agencies, boards, and commissions that were previously held as cash funds in a bank depository or investment depository, as authorized by § 19-3-518(d) ; and (iv) State and Local Fiscal Assistance Act of 1972, 31 U.S.C. § 6701 et seq., as authorized by § 19-3-521(c) ; and (B) Interest income earned from investment of State Treasury balances by any other laws enacted by the General Assembly;

(A) Interest income earned on investment of balances of the following: (i) The State Highway and Transportation Department Fund, as authorized by § 27-70-204 ; (ii) The Game Protection Fund, as authorized by § 15-41-110 ; (iii) The funds deposited into the State Treasury by state agencies, boards, and commissions that were previously held as cash funds in a bank depository or investment depository, as authorized by § 19-3-518(d) ; and (iv) State and Local Fiscal Assistance Act of 1972, 31 U.S.C. § 6701 et seq., as authorized by § 19-3-521(c) ; and

(i) The State Highway and Transportation Department Fund, as authorized by § 27-70-204 ;

(ii) The Game Protection Fund, as authorized by § 15-41-110 ;

(iii) The funds deposited into the State Treasury by state agencies, boards, and commissions that were previously held as cash funds in a bank depository or investment depository, as authorized by § 19-3-518(d) ; and

(iv) State and Local Fiscal Assistance Act of 1972, 31 U.S.C. § 6701 et seq., as authorized by § 19-3-521(c) ; and

(B) Interest income earned from investment of State Treasury balances by any other laws enacted by the General Assembly;

(8) After the distributions enumerated in subdivision (a)(7) of this section, for a one-time transfer by the Chief Fiscal Officer of the State of one million five hundred thousand dollars ($1,500,000) to the Arkansas Highway Transfer Fund, to be transferred only in Fiscal Year 2017;

(9) After the distributions enumerated in subdivisions (a)(7) and (8) of this section, for a transfer by the Chief Fiscal Officer of the State of five million dollars ($5,000,000) each fiscal year to the Budget Stabilization Trust Fund;

(10) After the transfer to the Budget Stabilization Trust Fund enumerated in subdivision (a)(9) of this section, for a transfer by the Chief Fiscal Officer of the State of twenty million dollars ($20,000,000) beginning in Fiscal Year 2018 and each fiscal year thereafter to the Arkansas Highway Transfer Fund;

(11) For a transfer by the Chief Fiscal Officer of the State on the last business day of the fiscal year to the Budget Stabilization Trust Fund to reimburse the Budget Stabilization Trust Fund for any current fiscal year transfers that have been made to the following: (A) The Division of Correction Farm Fund under § 19-5-501(b)(1) ; (B) The Department of the Military Fund Account under § 19-5-501(b)(3) ; (C) The Disaster Assistance Fund under § 19-5-1006 ; (D) The Miscellaneous Revolving Fund under § 19-5-1009 ; (E) The State Central Services Fund under § 19-5-501(d) ; and (F) The State Board of Election Commissioners, as authorized by law; and

(A) The Division of Correction Farm Fund under § 19-5-501(b)(1) ;

(B) The Department of the Military Fund Account under § 19-5-501(b)(3) ;

(C) The Disaster Assistance Fund under § 19-5-1006 ;

(D) The Miscellaneous Revolving Fund under § 19-5-1009 ;

(E) The State Central Services Fund under § 19-5-501(d) ; and

(F) The State Board of Election Commissioners, as authorized by law; and

(12) After all distributions and transfers under this section, less one hundred thousand dollars ($100,000) under § 19-3-521(a)(2) , for a transfer by the Chief Fiscal Officer of the State on the last business day of the fiscal year of the fund balance to the Catastrophic Reserve Fund.

(b) If any loss is sustained in relation to securities at any time held in the Securities Account or in any bank depository and if the credit balance in the Securities Reserve Fund is insufficient to absorb the loss, the Chief Fiscal Officer of the State shall cause a transfer of moneys to be made from the Budget Stabilization Trust Fund to the Securities Reserve Fund in such amount as shall, when added to the credit balance in the Securities Reserve Fund, equal the amount of the loss. It is the intent of the General Assembly that no loss shall be sustained by any account the funds of which were used in making such investments and deposits.

Amended by Act 2021EX2, No. 2,§ 2, eff. 12/9/2021.

Amended by Act 2021EX2, No. 1,§ 2, eff. 12/9/2021.

Amended by Act 2019, No. 910,§ 986, eff. 7/1/2019.

Amended by Act 2017, No. 555,§ 5, eff. 7/1/2017.

Amended by Act 2016EX3, No. 1,§ 8, eff. 7/1/2016.

Acts 1973, No. 750, § 8; 1975, No. 868, § 14; 1975 (Extended Sess., 1976), No. 1018, § 1; A.S.A. 1947, § 13-531; reen. Acts 1987, No. 860, § 1; 1995, No. 1084, § 1.
Ark. Code Ann. § 19-11-259 — AR Code / Title 19 / Chapter 11 / Subchapter 2 / Section 19-11-259
Preferences among bidders - Definitions
Status: in_force

(a) Definitions. (1) The definitions in this subsection shall not be applicable to other sections of this subchapter. (2) As used in this section: (A) "Commodities" means materials and equipment used in the construction of public works projects; (B) "Firm resident in Arkansas" means any individual, partnership, association, or corporation, whether domestic or foreign, that: (i) Maintains at least one (1) staffed office in this state; (ii) For not fewer than two (2) successive years immediately prior to submitting a bid, has paid taxes under the Division of Workforce Services Law, § 11-10-101 et seq., unless exempt, and either the Arkansas Gross Receipts Act of 1941, § 26-52-101 et seq., or the Arkansas Compensating Tax Act of 1949, § 26-53-101 et seq., on any property used or intended to be used for or in connection with the firm's business; and (iii) Within the two-year period, has paid any taxes to one (1) or more counties, school districts, or municipalities of the State of Arkansas on either real or personal property used or intended to be used or in connection with the firm's business; (C) "Lowest qualified bid" means the lowest bid which conforms to the specifications and request for bids; (D) "Nonresident firm" means a firm which is not included in the definition of a "firm resident in Arkansas"; and (E) "Public agency" means all counties, municipalities, and political subdivisions of the state. (b) (1) (A) In the purchase of commodities by competitive bidding, all public agencies shall accept the lowest qualified bid from a firm resident in Arkansas. (B) This bid shall be accepted only if the bid does not exceed the lowest qualified bid from a nonresident firm by more than five percent (5%) and if one (1) or more firms resident in Arkansas made written claim for a preference at the time the bids were submitted. (C) (i) In calculating the preference to be allowed, the appropriate procurement officials, pursuant to §§ 19-11-201 - 19-11-259 , shall take the amount of each bid of the Arkansas dealers who claimed the preference and deduct five percent (5%) from its total. (ii) If, after making such deduction, the bid of any Arkansas bidder claiming the preference is lower than the bid of the nonresident firm, then the award shall be made to the Arkansas firm which submitted the lowest bid, regardless of whether that particular Arkansas firm claimed the preference. (2) (A) The preference provided for in this section shall be applicable only in comparing bids where one (1) or more bids are by a firm resident in Arkansas and the other bid or bids are by a nonresident firm. (B) This preference shall have no application with respect to competing bids if both bidders are firms resident in Arkansas, as defined in this section. (C) (i) All public agencies shall be responsible for carrying out the spirit and intent of this section in their procurement policies. (ii) Any public agency which, through any employee or designated agent, is found guilty of violating the provisions of this section or committing an unlawful act under it, shall be guilty of a misdemeanor. (D) Notwithstanding any other provisions of Arkansas law, upon conviction that person shall be subject to imprisonment for not more than six (6) months or a fine of not more than one thousand dollars ($1,000), or both. (E) (i) If any provision or condition of this subchapter conflicts with any provision of federal law or any rule or regulation made under federal law pertaining to federal grants-in-aid programs or other federal aid programs, such provision or condition shall not apply to such federal-supported contracts for the purchase of commodities to the extent that the conflict exists. (ii) However, all provisions or conditions of this subchapter with which there is no conflict shall apply to contracts to purchase commodities to be paid, in whole or in part, from federal funds. (c) (1) (A) This section applies only to projects designed to provide utility needs of a county or municipality. (B) Those projects shall include without limitation pipeline installation, sanitary projects, and waterline, sewage, and water works. (2) To the extent that federal purchasing laws or bidding preferences conflict, this subchapter does not apply to projects related to supplying water or wastewater utility services, operations, or maintenance to a federal military installation by a municipality of the state. Amended by Act 2019, No. 910,§ 497, eff. 7/1/2019. Amended by Act 2015, No. 147,§ 2, eff. 2/23/2015. Acts 1979, No. 482, § 76; 1981, No. 600, § 29; 1983, No. 760, § 2; A.S.A. 1947, § 14-293; Acts 1989, No. 477, § 2; 1989 (3rd Ex. Sess.), No. 45, § 1; 1991, No. 846, § 1; 1991, No. 855, § 1; 1993, No. 263, § 1; 1993, No. 678, §§ 1, 2; 2001, No. 1237, § 43; 2003, No. 487, § 11.

(a) Definitions. (1) The definitions in this subsection shall not be applicable to other sections of this subchapter. (2) As used in this section: (A) "Commodities" means materials and equipment used in the construction of public works projects; (B) "Firm resident in Arkansas" means any individual, partnership, association, or corporation, whether domestic or foreign, that: (i) Maintains at least one (1) staffed office in this state; (ii) For not fewer than two (2) successive years immediately prior to submitting a bid, has paid taxes under the Division of Workforce Services Law, § 11-10-101 et seq., unless exempt, and either the Arkansas Gross Receipts Act of 1941, § 26-52-101 et seq., or the Arkansas Compensating Tax Act of 1949, § 26-53-101 et seq., on any property used or intended to be used for or in connection with the firm's business; and (iii) Within the two-year period, has paid any taxes to one (1) or more counties, school districts, or municipalities of the State of Arkansas on either real or personal property used or intended to be used or in connection with the firm's business; (C) "Lowest qualified bid" means the lowest bid which conforms to the specifications and request for bids; (D) "Nonresident firm" means a firm which is not included in the definition of a "firm resident in Arkansas"; and (E) "Public agency" means all counties, municipalities, and political subdivisions of the state.

(1) The definitions in this subsection shall not be applicable to other sections of this subchapter.

(2) As used in this section: (A) "Commodities" means materials and equipment used in the construction of public works projects; (B) "Firm resident in Arkansas" means any individual, partnership, association, or corporation, whether domestic or foreign, that: (i) Maintains at least one (1) staffed office in this state; (ii) For not fewer than two (2) successive years immediately prior to submitting a bid, has paid taxes under the Division of Workforce Services Law, § 11-10-101 et seq., unless exempt, and either the Arkansas Gross Receipts Act of 1941, § 26-52-101 et seq., or the Arkansas Compensating Tax Act of 1949, § 26-53-101 et seq., on any property used or intended to be used for or in connection with the firm's business; and (iii) Within the two-year period, has paid any taxes to one (1) or more counties, school districts, or municipalities of the State of Arkansas on either real or personal property used or intended to be used or in connection with the firm's business; (C) "Lowest qualified bid" means the lowest bid which conforms to the specifications and request for bids; (D) "Nonresident firm" means a firm which is not included in the definition of a "firm resident in Arkansas"; and (E) "Public agency" means all counties, municipalities, and political subdivisions of the state.

(A) "Commodities" means materials and equipment used in the construction of public works projects;

(B) "Firm resident in Arkansas" means any individual, partnership, association, or corporation, whether domestic or foreign, that: (i) Maintains at least one (1) staffed office in this state; (ii) For not fewer than two (2) successive years immediately prior to submitting a bid, has paid taxes under the Division of Workforce Services Law, § 11-10-101 et seq., unless exempt, and either the Arkansas Gross Receipts Act of 1941, § 26-52-101 et seq., or the Arkansas Compensating Tax Act of 1949, § 26-53-101 et seq., on any property used or intended to be used for or in connection with the firm's business; and (iii) Within the two-year period, has paid any taxes to one (1) or more counties, school districts, or municipalities of the State of Arkansas on either real or personal property used or intended to be used or in connection with the firm's business;

(i) Maintains at least one (1) staffed office in this state;

(ii) For not fewer than two (2) successive years immediately prior to submitting a bid, has paid taxes under the Division of Workforce Services Law, § 11-10-101 et seq., unless exempt, and either the Arkansas Gross Receipts Act of 1941, § 26-52-101 et seq., or the Arkansas Compensating Tax Act of 1949, § 26-53-101 et seq., on any property used or intended to be used for or in connection with the firm's business; and

(iii) Within the two-year period, has paid any taxes to one (1) or more counties, school districts, or municipalities of the State of Arkansas on either real or personal property used or intended to be used or in connection with the firm's business;

(C) "Lowest qualified bid" means the lowest bid which conforms to the specifications and request for bids;

(D) "Nonresident firm" means a firm which is not included in the definition of a "firm resident in Arkansas"; and

(E) "Public agency" means all counties, municipalities, and political subdivisions of the state.

(b) (1) (A) In the purchase of commodities by competitive bidding, all public agencies shall accept the lowest qualified bid from a firm resident in Arkansas. (B) This bid shall be accepted only if the bid does not exceed the lowest qualified bid from a nonresident firm by more than five percent (5%) and if one (1) or more firms resident in Arkansas made written claim for a preference at the time the bids were submitted. (C) (i) In calculating the preference to be allowed, the appropriate procurement officials, pursuant to §§ 19-11-201 - 19-11-259 , shall take the amount of each bid of the Arkansas dealers who claimed the preference and deduct five percent (5%) from its total. (ii) If, after making such deduction, the bid of any Arkansas bidder claiming the preference is lower than the bid of the nonresident firm, then the award shall be made to the Arkansas firm which submitted the lowest bid, regardless of whether that particular Arkansas firm claimed the preference. (2) (A) The preference provided for in this section shall be applicable only in comparing bids where one (1) or more bids are by a firm resident in Arkansas and the other bid or bids are by a nonresident firm. (B) This preference shall have no application with respect to competing bids if both bidders are firms resident in Arkansas, as defined in this section. (C) (i) All public agencies shall be responsible for carrying out the spirit and intent of this section in their procurement policies. (ii) Any public agency which, through any employee or designated agent, is found guilty of violating the provisions of this section or committing an unlawful act under it, shall be guilty of a misdemeanor. (D) Notwithstanding any other provisions of Arkansas law, upon conviction that person shall be subject to imprisonment for not more than six (6) months or a fine of not more than one thousand dollars ($1,000), or both. (E) (i) If any provision or condition of this subchapter conflicts with any provision of federal law or any rule or regulation made under federal law pertaining to federal grants-in-aid programs or other federal aid programs, such provision or condition shall not apply to such federal-supported contracts for the purchase of commodities to the extent that the conflict exists. (ii) However, all provisions or conditions of this subchapter with which there is no conflict shall apply to contracts to purchase commodities to be paid, in whole or in part, from federal funds.

(1) (A) In the purchase of commodities by competitive bidding, all public agencies shall accept the lowest qualified bid from a firm resident in Arkansas. (B) This bid shall be accepted only if the bid does not exceed the lowest qualified bid from a nonresident firm by more than five percent (5%) and if one (1) or more firms resident in Arkansas made written claim for a preference at the time the bids were submitted. (C) (i) In calculating the preference to be allowed, the appropriate procurement officials, pursuant to §§ 19-11-201 - 19-11-259 , shall take the amount of each bid of the Arkansas dealers who claimed the preference and deduct five percent (5%) from its total. (ii) If, after making such deduction, the bid of any Arkansas bidder claiming the preference is lower than the bid of the nonresident firm, then the award shall be made to the Arkansas firm which submitted the lowest bid, regardless of whether that particular Arkansas firm claimed the preference.

(A) In the purchase of commodities by competitive bidding, all public agencies shall accept the lowest qualified bid from a firm resident in Arkansas.

(B) This bid shall be accepted only if the bid does not exceed the lowest qualified bid from a nonresident firm by more than five percent (5%) and if one (1) or more firms resident in Arkansas made written claim for a preference at the time the bids were submitted.

(C) (i) In calculating the preference to be allowed, the appropriate procurement officials, pursuant to §§ 19-11-201 - 19-11-259 , shall take the amount of each bid of the Arkansas dealers who claimed the preference and deduct five percent (5%) from its total. (ii) If, after making such deduction, the bid of any Arkansas bidder claiming the preference is lower than the bid of the nonresident firm, then the award shall be made to the Arkansas firm which submitted the lowest bid, regardless of whether that particular Arkansas firm claimed the preference.

(i) In calculating the preference to be allowed, the appropriate procurement officials, pursuant to §§ 19-11-201 - 19-11-259 , shall take the amount of each bid of the Arkansas dealers who claimed the preference and deduct five percent (5%) from its total.

(ii) If, after making such deduction, the bid of any Arkansas bidder claiming the preference is lower than the bid of the nonresident firm, then the award shall be made to the Arkansas firm which submitted the lowest bid, regardless of whether that particular Arkansas firm claimed the preference.

(2) (A) The preference provided for in this section shall be applicable only in comparing bids where one (1) or more bids are by a firm resident in Arkansas and the other bid or bids are by a nonresident firm. (B) This preference shall have no application with respect to competing bids if both bidders are firms resident in Arkansas, as defined in this section. (C) (i) All public agencies shall be responsible for carrying out the spirit and intent of this section in their procurement policies. (ii) Any public agency which, through any employee or designated agent, is found guilty of violating the provisions of this section or committing an unlawful act under it, shall be guilty of a misdemeanor. (D) Notwithstanding any other provisions of Arkansas law, upon conviction that person shall be subject to imprisonment for not more than six (6) months or a fine of not more than one thousand dollars ($1,000), or both. (E) (i) If any provision or condition of this subchapter conflicts with any provision of federal law or any rule or regulation made under federal law pertaining to federal grants-in-aid programs or other federal aid programs, such provision or condition shall not apply to such federal-supported contracts for the purchase of commodities to the extent that the conflict exists. (ii) However, all provisions or conditions of this subchapter with which there is no conflict shall apply to contracts to purchase commodities to be paid, in whole or in part, from federal funds.

(A) The preference provided for in this section shall be applicable only in comparing bids where one (1) or more bids are by a firm resident in Arkansas and the other bid or bids are by a nonresident firm.

(B) This preference shall have no application with respect to competing bids if both bidders are firms resident in Arkansas, as defined in this section.

(C) (i) All public agencies shall be responsible for carrying out the spirit and intent of this section in their procurement policies. (ii) Any public agency which, through any employee or designated agent, is found guilty of violating the provisions of this section or committing an unlawful act under it, shall be guilty of a misdemeanor.

(i) All public agencies shall be responsible for carrying out the spirit and intent of this section in their procurement policies.

(ii) Any public agency which, through any employee or designated agent, is found guilty of violating the provisions of this section or committing an unlawful act under it, shall be guilty of a misdemeanor.

(D) Notwithstanding any other provisions of Arkansas law, upon conviction that person shall be subject to imprisonment for not more than six (6) months or a fine of not more than one thousand dollars ($1,000), or both.

(E) (i) If any provision or condition of this subchapter conflicts with any provision of federal law or any rule or regulation made under federal law pertaining to federal grants-in-aid programs or other federal aid programs, such provision or condition shall not apply to such federal-supported contracts for the purchase of commodities to the extent that the conflict exists. (ii) However, all provisions or conditions of this subchapter with which there is no conflict shall apply to contracts to purchase commodities to be paid, in whole or in part, from federal funds.

(i) If any provision or condition of this subchapter conflicts with any provision of federal law or any rule or regulation made under federal law pertaining to federal grants-in-aid programs or other federal aid programs, such provision or condition shall not apply to such federal-supported contracts for the purchase of commodities to the extent that the conflict exists.

(ii) However, all provisions or conditions of this subchapter with which there is no conflict shall apply to contracts to purchase commodities to be paid, in whole or in part, from federal funds.

(c) (1) (A) This section applies only to projects designed to provide utility needs of a county or municipality. (B) Those projects shall include without limitation pipeline installation, sanitary projects, and waterline, sewage, and water works. (2) To the extent that federal purchasing laws or bidding preferences conflict, this subchapter does not apply to projects related to supplying water or wastewater utility services, operations, or maintenance to a federal military installation by a municipality of the state.

(1) (A) This section applies only to projects designed to provide utility needs of a county or municipality. (B) Those projects shall include without limitation pipeline installation, sanitary projects, and waterline, sewage, and water works.

(A) This section applies only to projects designed to provide utility needs of a county or municipality.

(B) Those projects shall include without limitation pipeline installation, sanitary projects, and waterline, sewage, and water works.

(2) To the extent that federal purchasing laws or bidding preferences conflict, this subchapter does not apply to projects related to supplying water or wastewater utility services, operations, or maintenance to a federal military installation by a municipality of the state.

Amended by Act 2019, No. 910,§ 497, eff. 7/1/2019.

Amended by Act 2015, No. 147,§ 2, eff. 2/23/2015.

Acts 1979, No. 482, § 76; 1981, No. 600, § 29; 1983, No. 760, § 2; A.S.A. 1947, § 14-293; Acts 1989, No. 477, § 2; 1989 (3rd Ex. Sess.), No. 45, § 1; 1991, No. 846, § 1; 1991, No. 855, § 1; 1993, No. 263, § 1; 1993, No. 678, §§ 1, 2; 2001, No. 1237, § 43; 2003, No. 487, § 11.
Ark. Code Ann. § 19-4-1609 — AR Code / Title 19 / Chapter 4 / Subchapter 16 / Section 19-4-1609
State-supported institutions of higher education
Status: in_force

(a) (1) Pursuant to administrative procedures established by the Chief Fiscal Officer of the State, each state-supported institution of higher education may request a salary and personal services matching, or a maintenance and general operations expense disbursement procedure, or both. This procedure shall be requested, in writing from the executive head, communicated to the Chief Fiscal Officer of the State by which, effective at a date in accordance with the request, each payroll for all its salaries payable to employees, or a maintenance and general operations expense of the institution and personal services matching for employees of the institution, or both, may be disbursed by the institution and paid from state agency bank funds of the institution, subject to reimbursement and correction of reporting as provided in this section. (2) (A) The Chief Fiscal Officer of the State may approve such salary and personal services matching, or a maintenance and general operations expense disbursement procedure, or both, for such reimbursement if he or she determines that each institution has complied with all administrative procedures established by the Chief Fiscal Officer of the State. (B) (i) The Chief Fiscal Officer of the State may revoke any such approval by transmitting a thirty-day notice to the executive head of the institution when the Chief Fiscal Officer of the State finds that internal administrative procedures and controls of the institution are not adequate. (ii) The Legislative Joint Auditing Committee shall advise the Chief Fiscal Officer of the State and keep him or her informed regarding any of its findings which may be relevant to such determination regarding these institutions. (b) (1) Upon completion of salary and personal services matching, or a maintenance and general operations expense disbursement, or both, by the institution, the disbursing officer or other appropriate official of the institution shall examine the payroll or a maintenance and general operations expense, or both, as disbursed for such amounts as are properly payable from State Treasury funds. (2) At such time as the disbursing officer or other appropriate official of the institution examines the payroll, or a maintenance and general operations expense for determining the reimbursable amount, or both, he or she shall also review it in order to discover any erroneous or improper payments as provided by law. The liability for those payments shall be with the executive head of that institution and its bonded disbursing officer, or his or her designated bonded assistant. (c) All salaries and personal services matching, or a maintenance and general operations expense, or both, shall be subject to the restrictions and controls provided by law and the administrative procedures of the Chief Fiscal Officer of the State. (d) Under this section, the University of Arkansas for Medical Sciences may utilize appropriated funds to authorize procedures for the disbursement of indigent care maintenance and general operations appropriations to be paid from cash funds of the University of Arkansas for Medical Sciences, subject to reimbursement and correction of reporting. Amended by Act 2023, No. 875,§ 39, eff. 7/1/2023. Acts 1979, No. 578, § 1; A.S.A. 1947, § 13-349.2; Acts 1989, No. 688, § 1; 1997, No. 758, § 1; 2001, No. 1453, § 45.

(a) (1) Pursuant to administrative procedures established by the Chief Fiscal Officer of the State, each state-supported institution of higher education may request a salary and personal services matching, or a maintenance and general operations expense disbursement procedure, or both. This procedure shall be requested, in writing from the executive head, communicated to the Chief Fiscal Officer of the State by which, effective at a date in accordance with the request, each payroll for all its salaries payable to employees, or a maintenance and general operations expense of the institution and personal services matching for employees of the institution, or both, may be disbursed by the institution and paid from state agency bank funds of the institution, subject to reimbursement and correction of reporting as provided in this section. (2) (A) The Chief Fiscal Officer of the State may approve such salary and personal services matching, or a maintenance and general operations expense disbursement procedure, or both, for such reimbursement if he or she determines that each institution has complied with all administrative procedures established by the Chief Fiscal Officer of the State. (B) (i) The Chief Fiscal Officer of the State may revoke any such approval by transmitting a thirty-day notice to the executive head of the institution when the Chief Fiscal Officer of the State finds that internal administrative procedures and controls of the institution are not adequate. (ii) The Legislative Joint Auditing Committee shall advise the Chief Fiscal Officer of the State and keep him or her informed regarding any of its findings which may be relevant to such determination regarding these institutions.

(1) Pursuant to administrative procedures established by the Chief Fiscal Officer of the State, each state-supported institution of higher education may request a salary and personal services matching, or a maintenance and general operations expense disbursement procedure, or both. This procedure shall be requested, in writing from the executive head, communicated to the Chief Fiscal Officer of the State by which, effective at a date in accordance with the request, each payroll for all its salaries payable to employees, or a maintenance and general operations expense of the institution and personal services matching for employees of the institution, or both, may be disbursed by the institution and paid from state agency bank funds of the institution, subject to reimbursement and correction of reporting as provided in this section.

(2) (A) The Chief Fiscal Officer of the State may approve such salary and personal services matching, or a maintenance and general operations expense disbursement procedure, or both, for such reimbursement if he or she determines that each institution has complied with all administrative procedures established by the Chief Fiscal Officer of the State. (B) (i) The Chief Fiscal Officer of the State may revoke any such approval by transmitting a thirty-day notice to the executive head of the institution when the Chief Fiscal Officer of the State finds that internal administrative procedures and controls of the institution are not adequate. (ii) The Legislative Joint Auditing Committee shall advise the Chief Fiscal Officer of the State and keep him or her informed regarding any of its findings which may be relevant to such determination regarding these institutions.

(A) The Chief Fiscal Officer of the State may approve such salary and personal services matching, or a maintenance and general operations expense disbursement procedure, or both, for such reimbursement if he or she determines that each institution has complied with all administrative procedures established by the Chief Fiscal Officer of the State.

(B) (i) The Chief Fiscal Officer of the State may revoke any such approval by transmitting a thirty-day notice to the executive head of the institution when the Chief Fiscal Officer of the State finds that internal administrative procedures and controls of the institution are not adequate. (ii) The Legislative Joint Auditing Committee shall advise the Chief Fiscal Officer of the State and keep him or her informed regarding any of its findings which may be relevant to such determination regarding these institutions.

(i) The Chief Fiscal Officer of the State may revoke any such approval by transmitting a thirty-day notice to the executive head of the institution when the Chief Fiscal Officer of the State finds that internal administrative procedures and controls of the institution are not adequate.

(ii) The Legislative Joint Auditing Committee shall advise the Chief Fiscal Officer of the State and keep him or her informed regarding any of its findings which may be relevant to such determination regarding these institutions.

(b) (1) Upon completion of salary and personal services matching, or a maintenance and general operations expense disbursement, or both, by the institution, the disbursing officer or other appropriate official of the institution shall examine the payroll or a maintenance and general operations expense, or both, as disbursed for such amounts as are properly payable from State Treasury funds. (2) At such time as the disbursing officer or other appropriate official of the institution examines the payroll, or a maintenance and general operations expense for determining the reimbursable amount, or both, he or she shall also review it in order to discover any erroneous or improper payments as provided by law. The liability for those payments shall be with the executive head of that institution and its bonded disbursing officer, or his or her designated bonded assistant.

(1) Upon completion of salary and personal services matching, or a maintenance and general operations expense disbursement, or both, by the institution, the disbursing officer or other appropriate official of the institution shall examine the payroll or a maintenance and general operations expense, or both, as disbursed for such amounts as are properly payable from State Treasury funds.

(2) At such time as the disbursing officer or other appropriate official of the institution examines the payroll, or a maintenance and general operations expense for determining the reimbursable amount, or both, he or she shall also review it in order to discover any erroneous or improper payments as provided by law. The liability for those payments shall be with the executive head of that institution and its bonded disbursing officer, or his or her designated bonded assistant.

(c) All salaries and personal services matching, or a maintenance and general operations expense, or both, shall be subject to the restrictions and controls provided by law and the administrative procedures of the Chief Fiscal Officer of the State.

(d) Under this section, the University of Arkansas for Medical Sciences may utilize appropriated funds to authorize procedures for the disbursement of indigent care maintenance and general operations appropriations to be paid from cash funds of the University of Arkansas for Medical Sciences, subject to reimbursement and correction of reporting.

Amended by Act 2023, No. 875,§ 39, eff. 7/1/2023.

Acts 1979, No. 578, § 1; A.S.A. 1947, § 13-349.2; Acts 1989, No. 688, § 1; 1997, No. 758, § 1; 2001, No. 1453, § 45.
Ark. Code Ann. § 19-8-304 — AR Code / Title 19 / Chapter 8 / Subchapter 3 / Section 19-8-304
Creation of trusts
Status: in_force

(a) Ten (10) or more local governments may create a trust under this subchapter by ordinance, resolution, or otherwise pursuant to law of their governing bodies to provide for the joint investment of moneys not currently needed by the local governments creating the trust and by other local governments that become parties to the trust. (b) Each trust shall be created by trust agreement. (c) Following the creation of a trust agreement, other local governments may become parties to the trust agreement with appropriate action taken by the local depository board, board of directors of a school district, or other authorized party responsible for decisions related to bank deposits and investments. Amended by Act 2013, No. 217,§ 1, eff. 8/16/2013. Acts 1993, No. 583, § 4.

(a) Ten (10) or more local governments may create a trust under this subchapter by ordinance, resolution, or otherwise pursuant to law of their governing bodies to provide for the joint investment of moneys not currently needed by the local governments creating the trust and by other local governments that become parties to the trust.

(b) Each trust shall be created by trust agreement.

(c) Following the creation of a trust agreement, other local governments may become parties to the trust agreement with appropriate action taken by the local depository board, board of directors of a school district, or other authorized party responsible for decisions related to bank deposits and investments.

Amended by Act 2013, No. 217,§ 1, eff. 8/16/2013.

Acts 1993, No. 583, § 4.
Ark. Code Ann. § 19-2-301 — AR Code / Title 19 / Chapter 2 / Subchapter 3 / Section 19-2-301
Title
Status: in_force

This subchapter may be known as the "Accounts and Notes Receivable Abatement Act for the State of Arkansas". Acts 1983, No. 497, § 1; A.S.A. 1947, § 13-367.

This subchapter may be known as the "Accounts and Notes Receivable Abatement Act for the State of Arkansas".

Acts 1983, No. 497, § 1; A.S.A. 1947, § 13-367.
Ark. Code Ann. § 19-4-1503 — AR Code / Title 19 / Chapter 4 / Subchapter 15 / Section 19-4-1503
Transfer or sale
Status: in_force

The Chief Fiscal Officer of the State, in order to expedite the necessary work of any state agency or to eliminate duplication and promote economy and efficiency, may do the following: (1) Transfer property and equipment, including furniture, fixtures, and any and all kinds of office equipment and supplies from one (1) agency to another if the property or equipment of the agency from which the transfer is made is not needed by the agency at the time of the transfer; or (2) Sell surplus property and equipment of any agency at a reasonable fair value thereof as authorized by § 25-8-106 . Acts 1973, No. 876, § 26; A.S.A. 1947, § 13-352.

The Chief Fiscal Officer of the State, in order to expedite the necessary work of any state agency or to eliminate duplication and promote economy and efficiency, may do the following:

(1) Transfer property and equipment, including furniture, fixtures, and any and all kinds of office equipment and supplies from one (1) agency to another if the property or equipment of the agency from which the transfer is made is not needed by the agency at the time of the transfer; or

(2) Sell surplus property and equipment of any agency at a reasonable fair value thereof as authorized by § 25-8-106 .

Acts 1973, No. 876, § 26; A.S.A. 1947, § 13-352.
Ark. Code Ann. § 19-11-1006 — AR Code / Title 19 / Chapter 11 / Subchapter 10 / Section 19-11-1006
[Repealed]
Status: repealed

Repealed by Act 2019, No. 417,§ 9, eff. 7/24/2019. Amended by Act 2015, No. 557,§ 7, eff. 8/1/2015. Amended by Act 2013, No. 1189,§ 4, eff. 8/16/2013. Acts 2003, No. 1315, § 13.

Repealed by Act 2019, No. 417,§ 9, eff. 7/24/2019.

Amended by Act 2015, No. 557,§ 7, eff. 8/1/2015.

Amended by Act 2013, No. 1189,§ 4, eff. 8/16/2013.

Acts 2003, No. 1315, § 13.
Ark. Code Ann. § 19-5-989 — AR Code / Title 19 / Chapter 5 / Subchapter 9 / Section 19-5-989
[Repealed]
Status: repealed

Repealed by Act 2017, No. 625,§ 2, eff. 8/1/2017. Acts 1995, No. 1163, § 23.

Repealed by Act 2017, No. 625,§ 2, eff. 8/1/2017.

Acts 1995, No. 1163, § 23.
Ark. Code Ann. § 19-11-1205 — AR Code / Title 19 / Chapter 11 / Subchapter 12 / Section 19-11-1205
Evaluation of responses to solicitations
Status: in_force

(a) In a state agency's evaluation of each qualified provider's response to a solicitation under § 19-11-1204 , the state agency shall include an analysis of: (1) Whether the qualified provider meets the objectives of the solicitation, including without limitation a reduction in the state agency's energy consumption or operating costs resulting from a guaranteed energy cost savings contract with the qualified provider; (2) The qualifications and experience of the qualified provider; (3) The technical approach to the energy cost savings measures; (4) The financial aspects of the energy cost savings measures; (5) The overall benefit to the state agency; and (6) Any other relevant factors. (b) After evaluating a response to a solicitation as required under subsection (a) of this section, a state agency may: (1) Reject the response; or (2) Award a contract to a qualified provider to conduct an energy audit to be used in developing the guaranteed energy cost savings contract. Amended by Act 2013, No. 554,§ 5, eff. 8/16/2013. Acts 2005, No. 1761, § 1.

(a) In a state agency's evaluation of each qualified provider's response to a solicitation under § 19-11-1204 , the state agency shall include an analysis of: (1) Whether the qualified provider meets the objectives of the solicitation, including without limitation a reduction in the state agency's energy consumption or operating costs resulting from a guaranteed energy cost savings contract with the qualified provider; (2) The qualifications and experience of the qualified provider; (3) The technical approach to the energy cost savings measures; (4) The financial aspects of the energy cost savings measures; (5) The overall benefit to the state agency; and (6) Any other relevant factors.

(1) Whether the qualified provider meets the objectives of the solicitation, including without limitation a reduction in the state agency's energy consumption or operating costs resulting from a guaranteed energy cost savings contract with the qualified provider;

(2) The qualifications and experience of the qualified provider;

(3) The technical approach to the energy cost savings measures;

(4) The financial aspects of the energy cost savings measures;

(5) The overall benefit to the state agency; and

(6) Any other relevant factors.

(b) After evaluating a response to a solicitation as required under subsection (a) of this section, a state agency may: (1) Reject the response; or (2) Award a contract to a qualified provider to conduct an energy audit to be used in developing the guaranteed energy cost savings contract.

(1) Reject the response; or

(2) Award a contract to a qualified provider to conduct an energy audit to be used in developing the guaranteed energy cost savings contract.

Amended by Act 2013, No. 554,§ 5, eff. 8/16/2013.

Acts 2005, No. 1761, § 1.
Ark. Code Ann. § 19-5-927 — AR Code / Title 19 / Chapter 5 / Subchapter 9 / Section 19-5-927
State Forestry Trust Fund
Status: in_force

(a) There is established on the books of the Treasurer of State, the Auditor of State, and the Chief Fiscal Officer of the State a trust fund to be known as the "State Forestry Trust Fund". (b) The fund shall consist of: (1) Income derived from management of state forests by the Arkansas Forestry Commission to the extent this income is not needed to fund the general operations of the commission; and (2) Income derived from management of state nurseries by the commission to the extent this income is not needed to fund the general operations of the commission. (c) The fund shall be used for: (1) The management and improvement of state forests; (2) Acquisition of state forests; (3) The purchase of fire fighting equipment and other forest fire suppression activities; (4) Improvements at commission's nurseries and the seedling storage and distribution system; and (5) Such other purposes as may be authorized by law. Acts 1973, No. 750, § 8; 1979, No. 1013, § 7; A.S.A. 1947, § 13-531; Acts 1993, No. 881, § 14; 1997, No. 253, § 2.

(a) There is established on the books of the Treasurer of State, the Auditor of State, and the Chief Fiscal Officer of the State a trust fund to be known as the "State Forestry Trust Fund".

(b) The fund shall consist of: (1) Income derived from management of state forests by the Arkansas Forestry Commission to the extent this income is not needed to fund the general operations of the commission; and (2) Income derived from management of state nurseries by the commission to the extent this income is not needed to fund the general operations of the commission.

(1) Income derived from management of state forests by the Arkansas Forestry Commission to the extent this income is not needed to fund the general operations of the commission; and

(2) Income derived from management of state nurseries by the commission to the extent this income is not needed to fund the general operations of the commission.

(c) The fund shall be used for: (1) The management and improvement of state forests; (2) Acquisition of state forests; (3) The purchase of fire fighting equipment and other forest fire suppression activities; (4) Improvements at commission's nurseries and the seedling storage and distribution system; and (5) Such other purposes as may be authorized by law.

(1) The management and improvement of state forests;

(2) Acquisition of state forests;

(3) The purchase of fire fighting equipment and other forest fire suppression activities;

(4) Improvements at commission's nurseries and the seedling storage and distribution system; and

(5) Such other purposes as may be authorized by law.

Acts 1973, No. 750, § 8; 1979, No. 1013, § 7; A.S.A. 1947, § 13-531; Acts 1993, No. 881, § 14; 1997, No. 253, § 2.
Ark. Code Ann. § 19-5-976 — AR Code / Title 19 / Chapter 5 / Subchapter 9 / Section 19-5-976
College Savings Debt Service Reserve Fund
Status: in_force

(a) There is established on the books of the Treasurer of State, the Auditor of State, and the Chief Fiscal Officer of the State a fund to be known as the "College Savings Debt Service Reserve Fund". (b) The fund shall consist of proceeds from the sale of bonds as issued by the Arkansas Development Finance Authority and revenues derived from any project financed under the Arkansas College Savings Bond Act of 1989, § 6-62-701 et seq., in amounts or portions as set forth in the resolution or trust indenture authorizing or securing such bonds; general revenues; and any other funds made available by the General Assembly; there to be used only to ensure prompt payment of debt service on bonds issued under the Arkansas College Savings Bond Act of 1989, § 6-62-701 et seq., either at maturity or upon redemption prior to maturity, as administered by the Treasurer of State. Acts 1991, No. 1135, § 10.

(a) There is established on the books of the Treasurer of State, the Auditor of State, and the Chief Fiscal Officer of the State a fund to be known as the "College Savings Debt Service Reserve Fund".

(b) The fund shall consist of proceeds from the sale of bonds as issued by the Arkansas Development Finance Authority and revenues derived from any project financed under the Arkansas College Savings Bond Act of 1989, § 6-62-701 et seq., in amounts or portions as set forth in the resolution or trust indenture authorizing or securing such bonds; general revenues; and any other funds made available by the General Assembly; there to be used only to ensure prompt payment of debt service on bonds issued under the Arkansas College Savings Bond Act of 1989, § 6-62-701 et seq., either at maturity or upon redemption prior to maturity, as administered by the Treasurer of State.

Acts 1991, No. 1135, § 10.