Arkansas Code of 1987 (2023) › Title 14 - LOCAL GOVERNMENT (§§ 14-1-101 — 14-387-706) › Subtitle 4 - PUBLIC FINANCE GENERALLY (§§ 14-71-101 — 14-78-110) › Chapter 77 - LOCAL FISCAL MANAGEMENT RESPONSIBILITY ACT (§§ 14-77-101 — 14-77-111) › Section 14-77-102 - Definitions

As used in this chapter:
(1)
"Executive officer" means the following for the applicable political subdivisions:
(A)
For school districts, an "executive officer" is the superintendent of the school or the executive director of the education service cooperative;
(B)
For municipalities, an "executive officer" is the mayor, city manager, or city administrator; and
(C)
For counties, an "executive officer" is the elected official exercising administrative control over a particular county employee;
(2)
"Fiscal responsibility and management laws" means the following laws, as amended, and as applicable to the following subdivisions:
(A)
Counties:
(i)
County government, Arkansas Constitution, Amendment 55;
(ii)
County Records Retention, §
13-4-301
et seq.;
(iii)
Legislative Procedures (County), §
14-14-901
et seq.;
(iv)
Executive Powers (County), §
14-14-1101
et seq.;
(v)
Personnel Procedures (County), §
14-14-1201
et seq.;
(vi)
Officers (County), §
14-15-101
et seq.;
(vii)
Sale of county property generally, §
14-16-105
, and sale of surplus property, §
14-16-106
;
(viii)
County Funds, §
14-21-101
et seq.;
(ix)
County Purchasing Procedures, §
14-22-101
et seq.;
(x)
Claims Against Counties, §
14-23-101
et seq.;
(xi)
County Warrants, §
14-24-101
et seq.;
(xii)
The Arkansas County Accounting Law of 1973, §
14-25-101
et seq.;
(xiii)
Correction of errors (on tax books), §
26-28-111
;
(xiv)
Settlement and payment of taxes: Time for payment, §
26-39-201
; and
(xv)
Review of audit reports by legislative governing bodies, §
10-4-219
[repealed];
(B)
Municipalities:
(i)
Prohibited actions by municipal council members or municipal officials and employees: Interest in offices or contracts, etc. by council members prohibited, §
14-42-107
, and Prohibited actions by municipal officials or employees - Penalty, §
14-42-108
;
(ii)
Powers and Duties Generally (of municipal officers), §
14-43-501
et seq.;
(iii)
Purchase, lease, and sale of real and personal property: Purchase, lease, and sale authorized, §
14-54-302
;
(iv)
Cities of the first class generally: Fiscal Affairs of Cities and Incorporated Towns, §
14-58-101
et seq.;
(v)
The Arkansas Municipal Accounting Law, §
14-59-101
et seq.;
(vi)
The Arkansas Municipal Water and Sewer Department Accounting Law, §
14-237-101
et seq.;
(vii)
The Arkansas District Courts Accounting Law, §
16-10-201
et seq.; and
(viii)
Review of audit reports by legislative governing bodies, §
10-4-418
;
(C)
Schools:
(i)
School disbursing officer: Organization - Disbursing officer, §
6-13-618
;
(ii)
School district treasurer: District Treasurer, §
6-13-701
et seq.;
(iii)
The Arkansas Teachers' Salary Law, §
6-17-901
et seq.;
(iv)
School finance acts: Finances, §
6-20-101
et seq.;
(v)
School's acquisition of commodities: Acquisition of Commodities Generally, §
6-21-301
et seq.; and
(vi)
Review of audit reports by boards, §
6-1-101(d)
and §
10-4-208(d)
[repealed];
(D)
The following laws are applicable to some or all of the political subdivisions:
(i)
Limitation on legislative and taxing power - Local bond issues, Arkansas Constitution, Article 12, § 4;
(ii)
Political subdivisions not to become stockholders in or lend credit to private corporations, Arkansas Constitution, Article 12, § 5;
(iii)
Lending credit - Bond issues - Interest-bearing warrants, Arkansas Constitution, Article 16, § 1;
(iv)
Levy and appropriation of taxes, Arkansas Constitution, Article 16, § 11;
(v)
Local Capital Improvement Bonds, Arkansas Constitution, Amendment 62;
(vi)
Revenue Bonds, Arkansas Constitution, Amendment 65;
(vii)
Clerks of courts, collection and settlement, additional fees, investment of moneys held in trust:
(a)
Fines, penalties, taxes, etc. - Collection and settlement - Accounting - Audit and adjustment, §
16-20-106
;
(b)
Collection and payment of additional fees - Use of funds, §
16-20-107
[repealed]; and
(c)
Investment of moneys held in trust - Disposition of funds, §
16-20-108
;
(viii)
Depositories for Public Funds, §
19-8-101
et seq.;
(ix)
Public Works, §
22-9-101
et seq.; and
(x)
The Local Fiscal Management Responsibility Act, §
14-77-101
et seq.;
(3)
"Knowingly" means that a person is aware or should have been aware that his or her conduct will violate the fiscal responsibility and management laws;
(4)
"Political subdivision" means any county, municipality, or school district of the State of Arkansas; and
(5)
"Public officer or employee" means any officer or employee of a county, municipality, or school district located in the State of Arkansas.
Acts 1991, No. 724, § 2; 2003, No. 1185, § 36; 2005, No. 2201, § 8; 2007, No. 617, § 38.