reglab/statecodes huggingface dataset:
Arkansas Code of 1987 (2023) › Title 14 - LOCAL GOVERNMENT (§§ 14-1-101 — 14-387-706) › Subtitle 3 - MUNICIPAL GOVERNMENT (§§ 14-37-101 — 14-62-115) › Chapter 57 - REGULATION AND TAXATION OF VEHICLES BY MUNICIPALITIES (§§ 14-57-101 — 14-57-712) › Subchapter 6 - PARKING METER REVENUES (§§ 14-57-601 — 14-57-610) › Section 14-57-606 - Form and sale of bonds

(a)
(1)
Bonds issued under the provisions of this subchapter shall be negotiable instruments and shall be executed by the presiding officer and clerk or recorder of the legislative body of the issuing municipality, and shall be sealed with the corporate seal of the municipality.
(2)
In the case any of the officers whose signatures appear on the bonds or coupons shall cease to be such officers before the delivery of the bonds, their signatures shall, nevertheless, be valid and sufficient for all purposes the same as if they had remained in office until the delivery.
(b)
The bonds may be sold at not less than ninety cents (90¢) on the dollar, and they may be sold with the privilege of converting to a lower interest rate if, by such conversion, the municipality shall receive no less and pay no more than it would receive or pay if the bonds were not converted.
(c)
(1)
The bonds shall be sold at a public sale after advertisement once a week for three (3) weeks in some newspaper published in the county in which the municipality lies.
(2)
The first publication shall be not less than twenty (20) days before the date fixed for the sale.
(d)
The bonds shall be sold for cash, and the proceeds derived therefrom shall be used exclusively for the purpose for which the bonds are issued.
(e)
The bonds may be sold and issued all at one (1) time or they may be sold and issued in parcels as funds are needed.
Acts 1951, No. 269, § 4; A.S.A. 1947, § 19-3526.
Arkansas Code of 1987 (2023) › Title 14 - LOCAL GOVERNMENT (§§ 14-1-101 — 14-387-706) › Subtitle 3 - MUNICIPAL GOVERNMENT (§§ 14-37-101 — 14-62-115) › Chapter 57 - REGULATION AND TAXATION OF VEHICLES BY MUNICIPALITIES (§§ 14-57-101 — 14-57-712) › Subchapter 6 - PARKING METER REVENUES (§§ 14-57-601 — 14-57-610) › Section 14-57-607 - Bonds payable from meter revenues

(a)
Bonds issued under the provisions of this subchapter shall be payable solely from the net revenues derived by the municipality from the ownership and operation of the parking meters, which net revenues may be pledged for the payment of these bonds.
(b)
(1)
The revenue bonds shall not in any event constitute an indebtedness of the municipality within the meaning of the constitutional provisions or limitations.
(2)
It shall be plainly stated on the face of each bond that the bond has been issued under the provisions of this subchapter and that it does not constitute an indebtedness of the municipality within any constitutional or statutory limitation.
Acts 1951, No. 269, § 5; A.S.A. 1947, § 19-3527.
Arkansas Code of 1987 (2023) › Title 14 - LOCAL GOVERNMENT (§§ 14-1-101 — 14-387-706) › Subtitle 3 - MUNICIPAL GOVERNMENT (§§ 14-37-101 — 14-62-115) › Chapter 57 - REGULATION AND TAXATION OF VEHICLES BY MUNICIPALITIES (§§ 14-57-101 — 14-57-712) › Subchapter 6 - PARKING METER REVENUES (§§ 14-57-601 — 14-57-610) › Section 14-57-608 - Pledge not to discontinue operation of meters

A municipality issuing revenue bonds for the payment of which it pledges the net revenues derived from the ownership and operation of parking meters shall, by the favorable vote at the election for the purpose of issuing the revenue bonds, be construed to have made a binding contract with the holders of the bonds that the municipality will not remove or discontinue the operation of the parking meters until the revenue bonds, and all interest thereon, for the payment of which the net revenues have been pledged, have been paid in full.
Acts 1951, No. 269, § 6; A.S.A. 1947, § 19-3528.
Arkansas Code of 1987 (2023) › Title 14 - LOCAL GOVERNMENT (§§ 14-1-101 — 14-387-706) › Subtitle 3 - MUNICIPAL GOVERNMENT (§§ 14-37-101 — 14-62-115) › Chapter 57 - REGULATION AND TAXATION OF VEHICLES BY MUNICIPALITIES (§§ 14-57-101 — 14-57-712) › Subchapter 6 - PARKING METER REVENUES (§§ 14-57-601 — 14-57-610) › Section 14-57-609 - Default in payment of bonds

(a)
If there is a default in the payment of the principal of, or interest on, any of the revenue bonds authorized by this subchapter, any court having jurisdiction, in any proper action, may appoint a receiver to take charge of and operate the parking meters, with power to charge and collect rates sufficient to provide for the payment of the bonds, and interest thereon, after providing for the payment, if any, of the operating expenses of the property, and to apply the income and revenues derived from the property in conformity with this subchapter and the ordinance providing for the issuance of the bonds.
(b)
When the default has been cured, the receivership shall be ended.
(c)
This suit may be brought by the holder of any bond issued under the provisions of this subchapter or of any coupon representing interest accrued thereon.
Acts 1951, No. 269, § 7; A.S.A. 1947, § 19-3529.
Arkansas Code of 1987 (2023) › Title 14 - LOCAL GOVERNMENT (§§ 14-1-101 — 14-387-706) › Subtitle 3 - MUNICIPAL GOVERNMENT (§§ 14-37-101 — 14-62-115) › Chapter 57 - REGULATION AND TAXATION OF VEHICLES BY MUNICIPALITIES (§§ 14-57-101 — 14-57-712) › Subchapter 6 - PARKING METER REVENUES (§§ 14-57-601 — 14-57-610) › Section 14-57-610 - Acceleration of maturities - Priorities

(a)
The ordinance authorizing the issuance of the revenue bonds may contain provisions for the acceleration of the maturities of all unmatured bonds in the event of default in the payment of any principal or interest maturing under the bond issue, or upon failure to meet any sinking fund requirements, or in any other event stipulated in the ordinance; and such provisions will be binding.
(b)
The priorities as between successive issues of revenue bonds may also be controlled by the provisions of the ordinance.
Acts 1951, No. 269, § 8; A.S.A. 1947, § 19-3530.
Arkansas Code of 1987 (2023) › Title 14 - LOCAL GOVERNMENT (§§ 14-1-101 — 14-387-706) › Subtitle 3 - MUNICIPAL GOVERNMENT (§§ 14-37-101 — 14-62-115) › Chapter 57 - REGULATION AND TAXATION OF VEHICLES BY MUNICIPALITIES (§§ 14-57-101 — 14-57-712) › Subchapter 7 - CITY OR TOWN VEHICLE TAX (§§ 14-57-701 — 14-57-712) › Section 14-57-701 - Penalty

(a)
An owner of a vehicle, delinquent in the payment of the city or town vehicle tax for more than five (5) months, who thereafter uses and operates the vehicle upon the public roads, streets, and other public ways within the city or town levying the vehicle tax, or who knowingly permits the vehicle to be so used and operated by another, is guilty of a violation and upon conviction shall be subject to a fine of not less than twenty-five dollars ($25.00) nor more than fifty dollars ($50.00) for each violation.
(b)
The fine assessed under this section shall be in addition to the tax and penalty for delinquent payment.
Amended by Act 2023, No. 203,§ 15, eff. 8/1/2023.
Acts 1969, No. 88, § 4; A.S.A. 1947, § 19-3509.
Arkansas Code of 1987 (2023) › Title 14 - LOCAL GOVERNMENT (§§ 14-1-101 — 14-387-706) › Subtitle 3 - MUNICIPAL GOVERNMENT (§§ 14-37-101 — 14-62-115) › Chapter 57 - REGULATION AND TAXATION OF VEHICLES BY MUNICIPALITIES (§§ 14-57-101 — 14-57-712) › Subchapter 7 - CITY OR TOWN VEHICLE TAX (§§ 14-57-701 — 14-57-712) › Section 14-57-702 - Authority to levy

(a)
Notwithstanding the provisions of §§
26-78-102
-
26-78-108
and in addition to such taxes as may be levied by the State of Arkansas for the privilege of using and operating motor vehicles on the public roads and highways of this state, any city of the first or second class and any incorporated town are authorized to levy an annual tax upon the owners of vehicles for the privilege of using and operating a motor vehicle upon the public roads, streets, and other public ways in the city or town.
(b)
The levy of the tax authorized by this section shall be, by ordinance, duly adopted by the governing body of the city or town.
(c)
The tax authorized in this section to be levied shall be designated and known as the "city or town vehicle tax."
(d)
Each levy by the governing body of the city or town shall be for collection during the calendar year following the year in which the levy is made, and each year thereafter, until the tax is amended or repealed by the governing body of the city or town.
Acts 1969, No. 88, § 1; A.S.A. 1947, § 19-3506.
Arkansas Code of 1987 (2023) › Title 14 - LOCAL GOVERNMENT (§§ 14-1-101 — 14-387-706) › Subtitle 3 - MUNICIPAL GOVERNMENT (§§ 14-37-101 — 14-62-115) › Chapter 57 - REGULATION AND TAXATION OF VEHICLES BY MUNICIPALITIES (§§ 14-57-101 — 14-57-712) › Subchapter 7 - CITY OR TOWN VEHICLE TAX (§§ 14-57-701 — 14-57-712) › Section 14-57-703 - Other taxation prohibited

Any city of the first or second class or any incorporated town levying and collecting a vehicle tax under the provisions of this subchapter shall not be entitled to levy and collect a vehicle tax under the provisions of §§
26-78-102
-
26-78-108
, relating to motor vehicle tax for local highways.
Acts 1969, No. 88, § 3; A.S.A. 1947, § 19-3508.
Arkansas Code of 1987 (2023) › Title 14 - LOCAL GOVERNMENT (§§ 14-1-101 — 14-387-706) › Subtitle 3 - MUNICIPAL GOVERNMENT (§§ 14-37-101 — 14-62-115) › Chapter 57 - REGULATION AND TAXATION OF VEHICLES BY MUNICIPALITIES (§§ 14-57-101 — 14-57-712) › Subchapter 7 - CITY OR TOWN VEHICLE TAX (§§ 14-57-701 — 14-57-712) › Section 14-57-704 - Special election required

(a)
(1)
Before the vehicle tax levied by the governing body of any city of the first class or city of the second class or incorporated town upon vehicle owners residing in the city or town may be collected, the mayor shall call a special election in accordance with §
7-11-201
et seq.
(2)
This election shall be held at the next special election date under §
7-11-205
.
(b)
(1)
If a majority of the qualified electors of the city or town voting on the issue shall vote for the levy of the tax at the special election, then the tax may be thereafter levied in the city or town in the manner authorized in this subchapter and it shall not be necessary that an election be called again in the city or town on the question of levying the tax.
(2)
If a majority of the qualified electors of the city or town voting on the issue at the special election shall vote against the levy of the tax, then the tax shall not be levied in the city or town. However, the governing body of the city or town may propose the levy of the tax at any time after the expiration of one (1) year from the election in the city or town, and the election thereon shall be called as provided in this section.
(c)
Special elections held pursuant to this section shall be conducted in accordance with the election laws of this state, and the form of the ballot, the method of voting, and the counting, tabulation, and certification of the election results shall be in the manner provided by law.
Amended by Act 2021, No. 610,§ 18, eff. 1/1/2022.
Acts 1969, No. 88, § 2; A.S.A. 1947, § 19-3507; Acts 2005, No. 2145, § 39; 2007, No. 1049, § 59; 2009, No. 1480, § 77.
Arkansas Code of 1987 (2023) › Title 14 - LOCAL GOVERNMENT (§§ 14-1-101 — 14-387-706) › Subtitle 3 - MUNICIPAL GOVERNMENT (§§ 14-37-101 — 14-62-115) › Chapter 57 - REGULATION AND TAXATION OF VEHICLES BY MUNICIPALITIES (§§ 14-57-101 — 14-57-712) › Subchapter 7 - CITY OR TOWN VEHICLE TAX (§§ 14-57-701 — 14-57-712) › Section 14-57-705 - Classification of vehicles

(a)
Under this subchapter, the ordinance of the governing body of a city or town may contain therein a classification of vehicles by types and the rate of tax levy, stated in dollars and cents, to be collected from the owners of the vehicles coming within these classifications.
(b)
No such classification shall, at the time of the adoption of the ordinance, include any vehicle for the use of which a state tax or fee for the registration or licensing of motor vehicles is not, at the time, levied upon the owner.
Acts 1969, No. 88, § 3; A.S.A. 1947, § 19-3508.
Arkansas Code of 1987 (2023) › Title 14 - LOCAL GOVERNMENT (§§ 14-1-101 — 14-387-706) › Subtitle 3 - MUNICIPAL GOVERNMENT (§§ 14-37-101 — 14-62-115) › Chapter 57 - REGULATION AND TAXATION OF VEHICLES BY MUNICIPALITIES (§§ 14-57-101 — 14-57-712) › Subchapter 7 - CITY OR TOWN VEHICLE TAX (§§ 14-57-701 — 14-57-712) › Section 14-57-706 - Maximum tax

The maximum city or town vehicle tax which may be levied and collected shall not exceed five dollars ($5.00) per year per vehicle, irrespective of its classification.
Acts 1969, No. 88, § 3; A.S.A. 1947, § 19-3508.
Arkansas Code of 1987 (2023) › Title 14 - LOCAL GOVERNMENT (§§ 14-1-101 — 14-387-706) › Subtitle 3 - MUNICIPAL GOVERNMENT (§§ 14-37-101 — 14-62-115) › Chapter 57 - REGULATION AND TAXATION OF VEHICLES BY MUNICIPALITIES (§§ 14-57-101 — 14-57-712) › Subchapter 7 - CITY OR TOWN VEHICLE TAX (§§ 14-57-701 — 14-57-712) › Section 14-57-707 - Date due

The city or town vehicle tax shall be due and payable, without penalty, during the month of January of the calendar year following the year in which the levy is made.
Acts 1969, No. 88, § 4; A.S.A. 1947, § 19-3509.
Arkansas Code of 1987 (2023) › Title 14 - LOCAL GOVERNMENT (§§ 14-1-101 — 14-387-706) › Subtitle 3 - MUNICIPAL GOVERNMENT (§§ 14-37-101 — 14-62-115) › Chapter 57 - REGULATION AND TAXATION OF VEHICLES BY MUNICIPALITIES (§§ 14-57-101 — 14-57-712) › Subchapter 7 - CITY OR TOWN VEHICLE TAX (§§ 14-57-701 — 14-57-712) › Section 14-57-708 - Delinquent payment

Penalty for delinquent payment of the city or town vehicle tax shall be one dollar ($1.00) per vehicle per month for each month's delinquency.
Acts 1969, No. 88, § 4; A.S.A. 1947, § 19-3509.
Arkansas Code of 1987 (2023) › Title 14 - LOCAL GOVERNMENT (§§ 14-1-101 — 14-387-706) › Subtitle 3 - MUNICIPAL GOVERNMENT (§§ 14-37-101 — 14-62-115) › Chapter 57 - REGULATION AND TAXATION OF VEHICLES BY MUNICIPALITIES (§§ 14-57-101 — 14-57-712) › Subchapter 7 - CITY OR TOWN VEHICLE TAX (§§ 14-57-701 — 14-57-712) › Section 14-57-709 - Vehicles acquired after July 1

(a)
The owner of any vehicle first acquired or first used in the city or town after July 1 of the taxable year shall be required to pay only one-half (1/2) of the annual rate of the city or town vehicle tax for the remainder of the calendar year. The tax may be paid, without penalty, during the thirty-day period following the date of first acquisition or first use.
(b)
No vehicle tax shall be required of the owner if the vehicle tax for the particular year has been paid by a former owner, whether or not in the same city or town.
Acts 1969, No. 88, § 4; A.S.A. 1947, § 19-3509.
Arkansas Code of 1987 (2023) › Title 14 - LOCAL GOVERNMENT (§§ 14-1-101 — 14-387-706) › Subtitle 3 - MUNICIPAL GOVERNMENT (§§ 14-37-101 — 14-62-115) › Chapter 57 - REGULATION AND TAXATION OF VEHICLES BY MUNICIPALITIES (§§ 14-57-101 — 14-57-712) › Subchapter 7 - CITY OR TOWN VEHICLE TAX (§§ 14-57-701 — 14-57-712) › Section 14-57-710 - Payment to one municipality only

The owner of a vehicle, having paid the city or town vehicle tax in any city or town for a particular year, shall not be required to pay the vehicle tax for the use of the same vehicle in any other city or town for the same year.
Acts 1969, No. 88, § 3; A.S.A. 1947, § 19-3508.
Arkansas Code of 1987 (2023) › Title 14 - LOCAL GOVERNMENT (§§ 14-1-101 — 14-387-706) › Subtitle 3 - MUNICIPAL GOVERNMENT (§§ 14-37-101 — 14-62-115) › Chapter 57 - REGULATION AND TAXATION OF VEHICLES BY MUNICIPALITIES (§§ 14-57-101 — 14-57-712) › Subchapter 7 - CITY OR TOWN VEHICLE TAX (§§ 14-57-701 — 14-57-712) › Section 14-57-711 - Collection of and receipt for tax

(a)
Any city or town levying a vehicle tax under the provisions of this subchapter shall designate, by ordinance, an official to collect the tax.
(b)
(1)
The official shall use consecutively numbered receipts, printed in duplicate, to acknowledge payment of the tax.
(2)
Each receipt shall have printed on it:
(A)
The name of the city or town;
(B)
The name of the tax;
(C)
The year of the tax;
(D)
Space for indicating the name and address of the taxpayer;
(E)
The date of payment;
(F)
The amount of tax;
(G)
The amount of penalty;
(H)
The total amount collected;
(I)
The make and model of the vehicle;
(J)
The state motor vehicle license number at the time attached to the vehicle; and
(K)
Space for the signature of the official collecting the tax.
(c)
At the time of issuing his receipt, the official shall also deliver to the taxpayer a windshield sticker, metal tag, or other type of identification to be attached to the vehicle by the owner.
(d)
A new series of receipts shall be issued for each year's tax.
(e)
(1)
A separate receipt shall be issued for each vehicle, the original of which shall be given to the taxpayer at the time of the payment of the tax.
(2)
The duplicate receipt shall be retained by the official for accounting and auditing purposes.
Acts 1969, No. 88, § 5; A.S.A. 1947, § 19-3509.1.
Arkansas Code of 1987 (2023) › Title 14 - LOCAL GOVERNMENT (§§ 14-1-101 — 14-387-706) › Subtitle 3 - MUNICIPAL GOVERNMENT (§§ 14-37-101 — 14-62-115) › Chapter 57 - REGULATION AND TAXATION OF VEHICLES BY MUNICIPALITIES (§§ 14-57-101 — 14-57-712) › Subchapter 7 - CITY OR TOWN VEHICLE TAX (§§ 14-57-701 — 14-57-712) › Section 14-57-712 - Disposition of proceeds

(a)
All tax, interest, and penalties collected under the provisions of this subchapter shall be deposited in a separate bank account to be maintained by the city or town. From the proceeds shall be paid the cost of duplicate receipts and windshield stickers.
(b)
All proceeds remaining after the payment of the expenses shall be used as follows:
(1)
Fifty percent (50%) of the proceeds shall be used for the payment of salaries of law enforcement personnel and personnel of the fire department; and
(2)
Fifty percent (50%) of the proceeds shall be used for the maintenance, construction, and reconstruction of streets and other public ways in the town or municipality.
Acts 1969, No. 88, § 6; A.S.A. 1947, § 19-3509.2.
Arkansas Code of 1987 (2023) › Title 14 - LOCAL GOVERNMENT (§§ 14-1-101 — 14-387-706) › Subtitle 3 - MUNICIPAL GOVERNMENT (§§ 14-37-101 — 14-62-115) › Chapter 58 - FISCAL AFFAIRS OF CITIES AND INCORPORATED TOWNS (§§ 14-58-101 — 14-58-1001) › Subchapter 1 - GENERAL PROVISIONS (§§ 14-58-101 — 14-58-105) › Section 14-58-103 - Withholding of membership dues - Definition

(a)
As used in this section, "municipality" means:
(1)
A city of the first class;
(2)
A city of the second class;
(3)
An incorporated town; or
(4)
A city or town department, agency, board, or commission.
(b)
(1)
Effective January 1, 2006, upon receipt of a written request signed by a full-time municipal employee who is represented by a union or professional association, the municipality shall withhold membership dues of the union or professional association from the salary of the employee.
(2)
The withholding request authorized by this section shall be on a form provided to the employee by the municipality.
(c)
After a withholding request is received by the municipality and after withholding of an employee's dues is started under subsection (b) of this section, the withholding shall be discontinued only upon receipt of a written notice of cancellation signed by the employee.
(d)
The municipality shall transmit all dues that are withheld under this section to the union or professional association representing the employee within five (5) days of the end of the pay period.
Acts 2005, No. 2133, § 1.
Arkansas Code of 1987 (2023) › Title 14 - LOCAL GOVERNMENT (§§ 14-1-101 — 14-387-706) › Subtitle 3 - MUNICIPAL GOVERNMENT (§§ 14-37-101 — 14-62-115) › Chapter 58 - FISCAL AFFAIRS OF CITIES AND INCORPORATED TOWNS (§§ 14-58-101 — 14-58-1001) › Subchapter 2 - BUDGETS IN MAYOR-COUNCIL MUNICIPALITIES (§§ 14-58-201 — 14-58-203) › Section 14-58-201 - Annual submission

On or before December 1 of each year, the mayor of all cities and incorporated towns having the mayor-council form of government shall submit to the governing body of the city or town, for its approval or disapproval, a proposed budget for operation of the city or town from January 1 to December 31 of the forthcoming year.
Acts 1959, No. 28, § 1; 1981, No. 344, § 1; A.S.A. 1947, § 19-4421.
Arkansas Code of 1987 (2023) › Title 14 - LOCAL GOVERNMENT (§§ 14-1-101 — 14-387-706) › Subtitle 3 - MUNICIPAL GOVERNMENT (§§ 14-37-101 — 14-62-115) › Chapter 58 - FISCAL AFFAIRS OF CITIES AND INCORPORATED TOWNS (§§ 14-58-101 — 14-58-1001) › Subchapter 2 - BUDGETS IN MAYOR-COUNCIL MUNICIPALITIES (§§ 14-58-201 — 14-58-203) › Section 14-58-202 - Adoption of budget

Under this subchapter, the governing body of the municipality shall, on or before February 1 of each year, adopt a budget by ordinance or resolution for operation of the city or town.
Acts 1959, No. 28, § 2; 1981, No. 344, § 2; A.S.A. 1947, § 19-4422; Acts 2011, No. 622, § 1.
Arkansas Code of 1987 (2023) › Title 14 - LOCAL GOVERNMENT (§§ 14-1-101 — 14-387-706) › Subtitle 3 - MUNICIPAL GOVERNMENT (§§ 14-37-101 — 14-62-115) › Chapter 58 - FISCAL AFFAIRS OF CITIES AND INCORPORATED TOWNS (§§ 14-58-101 — 14-58-1001) › Subchapter 2 - BUDGETS IN MAYOR-COUNCIL MUNICIPALITIES (§§ 14-58-201 — 14-58-203) › Section 14-58-203 - Appropriations and changes

(a)
The approval by the municipal governing body of the budget under this subchapter shall, for the purposes of the budget from time to time amount to an appropriation of funds which are lawfully applicable to the items therein contained.
(b)
The governing body may alter or revise the budget and unpledged funds appropriated by the governing body for any purpose may be subsequently, by action of the governing body, appropriated to another purpose, subject to the following exceptions:
(1)
Funds resulting from taxes levied under statutes or ordinances for specific purposes may not be diverted to another purpose;
(2)
Appropriated funds may not be diverted to another purpose where any creditor of the municipality would be prejudiced thereby.
Acts 1959, No. 28, § 3; A.S.A. 1947, § 19-4423.
Arkansas Code of 1987 (2023) › Title 14 - LOCAL GOVERNMENT (§§ 14-1-101 — 14-387-706) › Subtitle 3 - MUNICIPAL GOVERNMENT (§§ 14-37-101 — 14-62-115) › Chapter 58 - FISCAL AFFAIRS OF CITIES AND INCORPORATED TOWNS (§§ 14-58-101 — 14-58-1001) › Subchapter 3 - CITIES OF THE FIRST CLASS GENERALLY (§§ 14-58-301 — 14-58-309) › Section 14-58-301 - Administration of provisions

(a)
For the purpose of assisting the mayor of a first-class city in carrying out the provisions of this subchapter, the municipal governing body may appoint one (1) or more committees, to be composed from its membership, or, by ordinance, it may create one (1) or more departments, fixing the compensation and manner of employment for the employees thereof.
(b)
The persons appointed to fill any offices or to head any departments shall be responsible to the mayor and act under his direction.
Acts 1959, No. 28, § 8; A.S.A. 1947, § 19-4428.
Arkansas Code of 1987 (2023) › Title 14 - LOCAL GOVERNMENT (§§ 14-1-101 — 14-387-706) › Subtitle 3 - MUNICIPAL GOVERNMENT (§§ 14-37-101 — 14-62-115) › Chapter 58 - FISCAL AFFAIRS OF CITIES AND INCORPORATED TOWNS (§§ 14-58-101 — 14-58-1001) › Subchapter 3 - CITIES OF THE FIRST CLASS GENERALLY (§§ 14-58-301 — 14-58-309) › Section 14-58-302 - Annual report by mayor

(a)
The mayor of a first class city shall prepare and submit to the municipal governing body within the first ninety (90) days of each year a complete report on the finances and administrative activities of the city during the previous year.
(b)
The mayor shall also keep the governing body advised as to the financial condition and future needs of the city and make such recommendations as to him or her may be desirable.
Acts 1959, No. 28, § 4; A.S.A. 1947, § 19-4424; Acts 2009, No. 161, § 2.
Arkansas Code of 1987 (2023) › Title 14 - LOCAL GOVERNMENT (§§ 14-1-101 — 14-387-706) › Subtitle 3 - MUNICIPAL GOVERNMENT (§§ 14-37-101 — 14-62-115) › Chapter 58 - FISCAL AFFAIRS OF CITIES AND INCORPORATED TOWNS (§§ 14-58-101 — 14-58-1001) › Subchapter 3 - CITIES OF THE FIRST CLASS GENERALLY (§§ 14-58-301 — 14-58-309) › Section 14-58-304 - Purchase of insurance

Except as provided under §
14-58-104
, the purchase of all types of insurance by cities of the first class, cities of the second class, or incorporated towns is governed by §
14-58-303
.
Amended by Act 2021, No. 435,§ 6, eff. 7/28/2021.
Acts 1981, No. 926, § 1; A.S.A. 1947, § 19-4425.1.
Arkansas Code of 1987 (2023) › Title 14 - LOCAL GOVERNMENT (§§ 14-1-101 — 14-387-706) › Subtitle 3 - MUNICIPAL GOVERNMENT (§§ 14-37-101 — 14-62-115) › Chapter 58 - FISCAL AFFAIRS OF CITIES AND INCORPORATED TOWNS (§§ 14-58-101 — 14-58-1001) › Subchapter 3 - CITIES OF THE FIRST CLASS GENERALLY (§§ 14-58-301 — 14-58-309) › Section 14-58-305 - Payment of claims

(a)
In a city of the first class, city of the second class, or incorporated town, the mayor or his or her duly authorized representative may approve or disapprove for payment out of funds previously appropriated for that purpose any legal claims asserted or brought against the city or town.
(b)
The municipal governing body shall, by ordinance, establish in that connection a maximum amount, and the payment or disapproval of such bills, debts, or liabilities exceeding that amount shall require the confirmation of the governing body.
Amended by Act 2021, No. 435,§ 7, eff. 7/28/2021.
Acts 1959, No. 28, § 6; A.S.A. 1947, § 19-4426.
Arkansas Code of 1987 (2023) › Title 14 - LOCAL GOVERNMENT (§§ 14-1-101 — 14-387-706) › Subtitle 3 - MUNICIPAL GOVERNMENT (§§ 14-37-101 — 14-62-115) › Chapter 58 - FISCAL AFFAIRS OF CITIES AND INCORPORATED TOWNS (§§ 14-58-101 — 14-58-1001) › Subchapter 3 - CITIES OF THE FIRST CLASS GENERALLY (§§ 14-58-301 — 14-58-309) › Section 14-58-306 - [Repealed]

Repealed by Act 2017, No. 470,§ 2, eff. 8/1/2017.
Acts 1959, No. 28, § 7; A.S.A. 1947, § 19-4427; Acts 2007, No. 661, § 1; 2011, No. 622, § 2.
Arkansas Code of 1987 (2023) › Title 14 - LOCAL GOVERNMENT (§§ 14-1-101 — 14-387-706) › Subtitle 3 - MUNICIPAL GOVERNMENT (§§ 14-37-101 — 14-62-115) › Chapter 58 - FISCAL AFFAIRS OF CITIES AND INCORPORATED TOWNS (§§ 14-58-101 — 14-58-1001) › Subchapter 3 - CITIES OF THE FIRST CLASS GENERALLY (§§ 14-58-301 — 14-58-309) › Section 14-58-307 - Annual audit

In cities of the first class, the municipal governing body shall have the financial affairs of the city audited annually by an independent certified public accountant, who is not otherwise in the service of the city, or by the Division of Legislative Audit of the State of Arkansas.
Acts 1959, No. 28, § 9; A.S.A. 1947, § 19-4429.
Arkansas Code of 1987 (2023) › Title 14 - LOCAL GOVERNMENT (§§ 14-1-101 — 14-387-706) › Subtitle 3 - MUNICIPAL GOVERNMENT (§§ 14-37-101 — 14-62-115) › Chapter 58 - FISCAL AFFAIRS OF CITIES AND INCORPORATED TOWNS (§§ 14-58-101 — 14-58-1001) › Subchapter 3 - CITIES OF THE FIRST CLASS GENERALLY (§§ 14-58-301 — 14-58-309) › Section 14-58-308 - Bonds of officers and employees

(a)
All officers and employees of a city of the first class, city of the second class, or incorporated town handling financial matters for the city or town shall furnish a fidelity bond in such amount, on such form, and with such security as may be approved by the municipal governing body.
(b)
The premiums on these bonds shall be paid by the city or town.
Amended by Act 2021, No. 435,§ 8, eff. 7/28/2021.
Acts 1959, No. 28, § 10; A.S.A. 1947, § 19-4430.
The introductory language of Act 2021, No. 435,§ 8 states that §14-58-303 is amended; however, the text of the act amends §14-28-308.
Arkansas Code of 1987 (2023) › Title 14 - LOCAL GOVERNMENT (§§ 14-1-101 — 14-387-706) › Subtitle 3 - MUNICIPAL GOVERNMENT (§§ 14-37-101 — 14-62-115) › Chapter 58 - FISCAL AFFAIRS OF CITIES AND INCORPORATED TOWNS (§§ 14-58-101 — 14-58-1001) › Subchapter 4 - BORROWING OF MONEY BY CITIES OF THE FIRST CLASS (§§ 14-58-401 — 14-58-403) › Section 14-58-401 - Authority generally

(a)
Upon a vote of two-thirds (2/3) of the members of the city council, cities of the first class may borrow money for the ordinary operating expenses of the city after January 1 of each year in anticipation of the property tax collections collectible in that year.
(b)
The sum so borrowed shall not exceed, in the aggregate, fifty percent (50%) of the amount of city taxes extended on the county tax books for collections during the year.
(c)
These cities shall have power to issue to the lender thereof negotiable but noninterest-bearing evidences of indebtedness for moneys so borrowed, to be executed by the mayor and city clerk in behalf of the city.
Acts 1931, No. 233, § 1; Pope's Dig., § 9820; A.S.A. 1947, § 19-4406.
Arkansas Code of 1987 (2023) › Title 14 - LOCAL GOVERNMENT (§§ 14-1-101 — 14-387-706) › Subtitle 3 - MUNICIPAL GOVERNMENT (§§ 14-37-101 — 14-62-115) › Chapter 58 - FISCAL AFFAIRS OF CITIES AND INCORPORATED TOWNS (§§ 14-58-101 — 14-58-1001) › Subchapter 4 - BORROWING OF MONEY BY CITIES OF THE FIRST CLASS (§§ 14-58-401 — 14-58-403) › Section 14-58-402 - Assignment of uncollected property tax

(a)
(1)
Cities of the first class may further assign to the lender or to a trustee for the lender as security for the repayment of borrowed moneys, the uncollected general municipal property taxes then extended upon the county tax books to be collected during the current year.
(2)
The assignment shall be executed in the name and in behalf of the city by the mayor and city clerk, duly acknowledged and recorded on the real estate mortgage record in the county or judicial circuit where the city may be situated. A certified copy thereof shall be delivered by the lender or trustee for him to the county collector of revenue.
(b)
(1)
As the city taxes are collected, the county collector may pay them over, less his commission, to the lender of the money or trustee for him, upon surrender to the collector of a note or certificate of indebtedness secured by the assignment, which instrument shall be accepted by the city as the equivalent of money in its settlement with the collector.
(2)
(A)
At the time of paying the money over to the lender or his trustee, the collector shall cause him, either by noting on the margin of record of the assignment attested by the recorder or by a separate duly acknowledged instrument, to acknowledge payment of the sum so paid.
(i)
If, when the collector makes his settlement with the county court, a sufficient sum of city taxes has not been collected to pay in full the debt secured thereby, the balance of funds on hand applicable to the debt shall be paid over by the collector to the assignee and credited against the debt.
(ii)
The payment shall be shown of record as specified in this section.
(iii)
The unpaid balance shall constitute a lien on redemption collections from the assigned taxes by the county clerk and shall, at all times, constitute a general obligation of the city, payable from any fund not appropriated by law to some other exclusive purpose.
Acts 1931, No. 233, § 2; Pope's Dig., § 9821; A.S.A. 1947, § 19-4407.
Arkansas Code of 1987 (2023) › Title 14 - LOCAL GOVERNMENT (§§ 14-1-101 — 14-387-706) › Subtitle 3 - MUNICIPAL GOVERNMENT (§§ 14-37-101 — 14-62-115) › Chapter 58 - FISCAL AFFAIRS OF CITIES AND INCORPORATED TOWNS (§§ 14-58-101 — 14-58-1001) › Subchapter 4 - BORROWING OF MONEY BY CITIES OF THE FIRST CLASS (§§ 14-58-401 — 14-58-403) › Section 14-58-403 - Assignments not to affect warrants - Priority

(a)
Since the Arkansas Constitution prohibits the issuance by a municipal corporation of any interest-bearing evidence of indebtedness for the purpose mentioned in this subchapter, no evidence of indebtedness bearing interest is authorized by this subchapter.
(b)
(1)
Since the Arkansas Constitution further provides that municipal corporation warrants may be used in payment of municipal taxes, the assignment of taxes provided for in this subchapter shall be without prejudice to the rights of warrant holders to use municipal warrants in payment of municipal taxes.
(2)
(A)
Unless this provision is held unconstitutional by the courts, the written assignment of taxes provided for in this subchapter may stipulate that the city will use the funds so borrowed for operating expenses and that no warrant will be thereafter issued by the city in excess of an aggregate amount capable of being paid out of the funds so borrowed and out of revenues of the city arising from some other source than the general municipal property tax until the borrowed moneys secured by the assignment have been repaid in full, to the end that, after making the assignment, no new city warrants capable of being used in payment of the municipal property tax shall come into existence until the indebtedness has been paid.
(B)
The city may contract as to right of priority or payment when more than one (1) assignment of the taxes is made.
Acts 1931, No. 233, § 3; Pope's Dig., § 9822; A.S.A. 1947, § 19-4408.
Arkansas Code of 1987 (2023) › Title 14 - LOCAL GOVERNMENT (§§ 14-1-101 — 14-387-706) › Subtitle 3 - MUNICIPAL GOVERNMENT (§§ 14-37-101 — 14-62-115) › Chapter 58 - FISCAL AFFAIRS OF CITIES AND INCORPORATED TOWNS (§§ 14-58-101 — 14-58-1001) › Subchapter 5 - FINANCIAL AID TO SCHOOL DISTRICTS (§§ 14-58-501 — 14-58-505) › Section 14-58-501 - Authority generally

Incorporated towns and cities of the first or second class in the State of Arkansas are empowered and authorized annually to grant financial aid to any public school district in which the town or city is located for the purpose of assisting the school district in retiring school bonds or paying the operating expenses of the district.
Acts 1931, No. 229, § 1; Pope's Dig., § 9652; A.S.A. 1947, § 19-4409.
Arkansas Code of 1987 (2023) › Title 14 - LOCAL GOVERNMENT (§§ 14-1-101 — 14-387-706) › Subtitle 3 - MUNICIPAL GOVERNMENT (§§ 14-37-101 — 14-62-115) › Chapter 58 - FISCAL AFFAIRS OF CITIES AND INCORPORATED TOWNS (§§ 14-58-101 — 14-58-1001) › Subchapter 5 - FINANCIAL AID TO SCHOOL DISTRICTS (§§ 14-58-501 — 14-58-505) › Section 14-58-502 - Funds from which payable

Financial aid granted and paid to public school districts shall be paid out of any funds received by the town or city. However, payments shall not be made from the regular city taxes collected by the county or state for the town or city.
Acts 1931, No. 229, § 2; Pope's Dig., § 9653; A.S.A. 1947, § 19-4410.
Arkansas Code of 1987 (2023) › Title 14 - LOCAL GOVERNMENT (§§ 14-1-101 — 14-387-706) › Subtitle 3 - MUNICIPAL GOVERNMENT (§§ 14-37-101 — 14-62-115) › Chapter 58 - FISCAL AFFAIRS OF CITIES AND INCORPORATED TOWNS (§§ 14-58-101 — 14-58-1001) › Subchapter 5 - FINANCIAL AID TO SCHOOL DISTRICTS (§§ 14-58-501 — 14-58-505) › Section 14-58-503 - Terms of assistance

(a)
The incorporated town or city council granting financial aid shall do so by resolution which shall fix the amount and time of the payments.
(b)
The resolution shall be effective for the period of twelve (12) months.
(c)
The payments shall not exceed the annual revenue from which the funds are paid.
Acts 1931, No. 229, § 3; Pope's Dig., § 9654; A.S.A. 1947, § 19-4411.
Arkansas Code of 1987 (2023) › Title 14 - LOCAL GOVERNMENT (§§ 14-1-101 — 14-387-706) › Subtitle 3 - MUNICIPAL GOVERNMENT (§§ 14-37-101 — 14-62-115) › Chapter 58 - FISCAL AFFAIRS OF CITIES AND INCORPORATED TOWNS (§§ 14-58-101 — 14-58-1001) › Subchapter 5 - FINANCIAL AID TO SCHOOL DISTRICTS (§§ 14-58-501 — 14-58-505) › Section 14-58-504 - Financial aid to state colleges and universities

(a)
Cities of the first or second class and incorporated towns in the State of Arkansas shall be empowered and authorized annually to grant financial aid to any state-supported college or university which is located in the city or town or which has facilities located within the city or town. The grant of financial aid shall be for the purpose of aiding or assisting the college or university in retiring any bonded indebtedness on any building or facilities within the city or town or for the purpose of paying for the operating expenses of the college or university for programs or facilities located within the city or town.
(b)
(1)
The governing body of the city or incorporated town granting financial aid to a state-supported college or university shall do so by ordinance, which shall specify the time and amount of the payments to be made, the name of the college or university receiving the funds, and the source of the funds.
(2)
The ordinance shall not be effective for more than a twelve-month period of time.
(c)
The financial aid granted and paid to the state-supported college or university shall be paid out of donations or gifts received by the city or town for general purposes. No moneys of the city or town arising from a tax levied for a specific purpose shall be used for any grant of financial aid to a college or university, unless the tax has been levied for the specific purpose of granting financial aid to the college or university.
Acts 1993, No. 367, §§ 1-3.
Arkansas Code of 1987 (2023) › Title 14 - LOCAL GOVERNMENT (§§ 14-1-101 — 14-387-706) › Subtitle 3 - MUNICIPAL GOVERNMENT (§§ 14-37-101 — 14-62-115) › Chapter 58 - FISCAL AFFAIRS OF CITIES AND INCORPORATED TOWNS (§§ 14-58-101 — 14-58-1001) › Subchapter 5 - FINANCIAL AID TO SCHOOL DISTRICTS (§§ 14-58-501 — 14-58-505) › Section 14-58-505 - Financial aid

(a)
Incorporated towns and cities of the first or second class, pursuant to an ordinance properly and lawfully adopted by their governing bodies, are empowered and authorized to annually grant financial aid to any public postsecondary educational institution located within their borders for the purpose of assisting the institution in paying its lawful expenses of operation.
(b)
The ordinance shall be effective for a period of twelve (12) months.
Acts 1993, No. 866, § 1.
Arkansas Code of 1987 (2023) › Title 14 - LOCAL GOVERNMENT (§§ 14-1-101 — 14-387-706) › Subtitle 3 - MUNICIPAL GOVERNMENT (§§ 14-37-101 — 14-62-115) › Chapter 58 - FISCAL AFFAIRS OF CITIES AND INCORPORATED TOWNS (§§ 14-58-101 — 14-58-1001) › Subchapter 6 - OUTSTANDING MUNICIPAL WARRANTS (§§ 14-58-601 — 14-58-605) › Section 14-58-601 - Duty to order presentment

Whenever the council of any city or incorporated town in this state may deem it expedient to call in the outstanding warrants of the city or incorporated town in order to redeem, cancel, reissue, or classify them, or for any other lawful purpose whatsoever, it shall be the duty of the council of the city or town to make an order for that purpose fixing the time for the presentation of the warrants, which shall be at least three (3) months from the date of the order.
Acts 1893, No. 97, § 1, p. 169; C. & M. Dig., § 7584; Pope's Dig., § 9665; A.S.A. 1947, § 19-4401.
Arkansas Code of 1987 (2023) › Title 14 - LOCAL GOVERNMENT (§§ 14-1-101 — 14-387-706) › Subtitle 3 - MUNICIPAL GOVERNMENT (§§ 14-37-101 — 14-62-115) › Chapter 58 - FISCAL AFFAIRS OF CITIES AND INCORPORATED TOWNS (§§ 14-58-101 — 14-58-1001) › Subchapter 6 - OUTSTANDING MUNICIPAL WARRANTS (§§ 14-58-601 — 14-58-605) › Section 14-58-602 - Annual call permitted

Annually, the council of any city or incorporated town may call in the outstanding warrants of the city or incorporated town or the floating evidence of indebtedness of the city or town for the purpose of cancelling and reissuing them.
Acts 1893, No. 97, § 4, p. 169; C. & M. Dig., § 7587; Pope's Dig., § 9668; A.S.A. 1947, § 19-4404.
Arkansas Code of 1987 (2023) › Title 14 - LOCAL GOVERNMENT (§§ 14-1-101 — 14-387-706) › Subtitle 3 - MUNICIPAL GOVERNMENT (§§ 14-37-101 — 14-62-115) › Chapter 58 - FISCAL AFFAIRS OF CITIES AND INCORPORATED TOWNS (§§ 14-58-101 — 14-58-1001) › Subchapter 6 - OUTSTANDING MUNICIPAL WARRANTS (§§ 14-58-601 — 14-58-605) › Section 14-58-603 - Notice of time and place for redemption, etc

It shall be the duty of the clerk or recorder of the council of the city or incorporated town to notify the holders of the warrants to present them to the council at the time and place fixed for the redemption, cancellation, reissuance, or classification of the warrants, or for any other purpose whatever specified in the order of the council, by putting up, at the county courthouse door and at the election precincts in each ward in the city or town a true copy of the order of the council in the premises. This order shall be posted at least thirty (30) days before the time appointed by the order of the city or town council for the presentation of the warrants. It shall be published in newspapers printed and published in the State of Arkansas for two (2) weeks in succession, the last insertion to be at least thirty (30) days before the time fixed by the council for the presentation of the warrants.
Acts 1893, No. 97, § 2, p. 169; C. & M. Dig., § 7585; Pope's Dig., § 9666; A.S.A. 1947, § 19-4402.
Arkansas Code of 1987 (2023) › Title 14 - LOCAL GOVERNMENT (§§ 14-1-101 — 14-387-706) › Subtitle 3 - MUNICIPAL GOVERNMENT (§§ 14-37-101 — 14-62-115) › Chapter 58 - FISCAL AFFAIRS OF CITIES AND INCORPORATED TOWNS (§§ 14-58-101 — 14-58-1001) › Subchapter 6 - OUTSTANDING MUNICIPAL WARRANTS (§§ 14-58-601 — 14-58-605) › Section 14-58-604 - Failure to present

All persons who hold any warrants of a city or incorporated town and neglect or refuse to present them as required by the order of the city or town council and the notice prescribed by §
14-58-603
shall thereafter be forever debarred from deriving any benefits from their claims.
Acts 1893, No. 97, § 3, p. 169; C. & M. Dig., § 7586; Pope's Dig., § 9667; A.S.A. 1947, § 19-4403.
Arkansas Code of 1987 (2023) › Title 14 - LOCAL GOVERNMENT (§§ 14-1-101 — 14-387-706) › Subtitle 3 - MUNICIPAL GOVERNMENT (§§ 14-37-101 — 14-62-115) › Chapter 58 - FISCAL AFFAIRS OF CITIES AND INCORPORATED TOWNS (§§ 14-58-101 — 14-58-1001) › Subchapter 6 - OUTSTANDING MUNICIPAL WARRANTS (§§ 14-58-601 — 14-58-605) › Section 14-58-605 - Rejection of indebtedness

Whenever the warrants called in shall be presented to the municipal council, it shall be the duty of the council to examine them thoroughly and to reject all such evidences of indebtedness as in their judgment their city or town is not justly and legally bound to pay, subject to appeal to the circuit court.
Acts 1893, No. 97, § 5, p. 169; C. & M. Dig., § 7588; Pope's Dig., § 9669; A.S.A. 1947, § 19-4405.
Arkansas Code of 1987 (2023) › Title 14 - LOCAL GOVERNMENT (§§ 14-1-101 — 14-387-706) › Subtitle 3 - MUNICIPAL GOVERNMENT (§§ 14-37-101 — 14-62-115) › Chapter 59 - ARKANSAS MUNICIPAL ACCOUNTING LAW (§§ 14-59-101 — 14-59-119) › Section 14-59-101 - Title

This chapter shall be known and cited as the "Arkansas Municipal Accounting Law".
Acts 1973, No. 159, § 1; A.S.A. 1947, § 19-5301; Acts 2011, No. 621, § 1.
Arkansas Code of 1987 (2023) › Title 14 - LOCAL GOVERNMENT (§§ 14-1-101 — 14-387-706) › Subtitle 3 - MUNICIPAL GOVERNMENT (§§ 14-37-101 — 14-62-115) › Chapter 59 - ARKANSAS MUNICIPAL ACCOUNTING LAW (§§ 14-59-101 — 14-59-119) › Section 14-59-102 - Applicability

This chapter shall apply to all funds under the budgetary control of the council or board of directors of the various municipalities of this state, except water and sewer departments.
Acts 1973, No. 159, § 2; A.S.A. 1947, § 19-5302; Acts 2001, No. 1062, § 1.
Arkansas Code of 1987 (2023) › Title 14 - LOCAL GOVERNMENT (§§ 14-1-101 — 14-387-706) › Subtitle 3 - MUNICIPAL GOVERNMENT (§§ 14-37-101 — 14-62-115) › Chapter 59 - ARKANSAS MUNICIPAL ACCOUNTING LAW (§§ 14-59-101 — 14-59-119) › Section 14-59-103 - Exemption for other systems

(a)
In the event any municipality feels its system of bookkeeping is such that it equals or exceeds the basic system prescribed by this chapter, the municipality may request a review by the Legislative Joint Auditing Committee.
(b)
Upon the committee's concurrence with these facts, it may issue a certificate to the municipality stating that the municipality's accounting system is of a degree of sophistication such that the basic requirements of this chapter are being met and exempting the municipality from the requirements of the particulars of the system prescribed by this chapter.
Acts 1973, No. 159, § 14; A.S.A. 1947, § 19-5314.
Arkansas Code of 1987 (2023) › Title 14 - LOCAL GOVERNMENT (§§ 14-1-101 — 14-387-706) › Subtitle 3 - MUNICIPAL GOVERNMENT (§§ 14-37-101 — 14-62-115) › Chapter 59 - ARKANSAS MUNICIPAL ACCOUNTING LAW (§§ 14-59-101 — 14-59-119) › Section 14-59-104 - Bank accounts

(a)
All municipalities of this state receiving state aid in the form of either turnback of general revenues or highways revenues shall maintain all funds in depositories approved for such purposes by law.
(b)
The municipalities shall maintain separate bank accounts for general funds and street funds.
(c)
The accounts shall be maintained in the name of the municipality.
Acts 1973, No. 159, § 3; A.S.A. 1947, § 19-5303.
Arkansas Code of 1987 (2023) › Title 14 - LOCAL GOVERNMENT (§§ 14-1-101 — 14-387-706) › Subtitle 3 - MUNICIPAL GOVERNMENT (§§ 14-37-101 — 14-62-115) › Chapter 59 - ARKANSAS MUNICIPAL ACCOUNTING LAW (§§ 14-59-101 — 14-59-119) › Section 14-59-105 - Prenumbered checks - Electronic funds transfers

(a)
All disbursements of municipal funds, except those described in this section and as noted in §
14-59-106
, petty cash funds, are to be made by prenumbered checks drawn upon the bank account of that municipality.
(b)
The checks shall be of the form normally provided by commercial banking institutions and shall contain as a minimum the following information:
(1)
Date of issue;
(2)
Check number;
(3)
Payee;
(4)
Amount; and
(5)
Signature of two (2) authorized disbursing officers of the city.
(c)
Disbursements of municipal funds used for payment of salaries and wages of municipal officials and employees may be made by electronic funds transfer provided that the municipal employee or official responsible for disbursements maintains a ledger containing at least the:
(1)
Name, address, and Social Security number of the employee receiving payment of salary or wages;
(2)
Routing number from the bank in which the funds are held;
(3)
Account number;
(4)
Accounts clearing house trace number pertaining to the transfer;
(5)
Date and amount transferred; and
(6)
Proof that the employee has been notified of direct deposit of his or her salary or wages by electronic funds transfer.
(d)
Disbursements of municipal funds used for payments to federal or state governmental entities may be made by electronic funds transfer.
(e)
(1)
Disbursements of municipal funds, other than for payments under subsections (c) and (d) of this section, may be made by electronic funds transfer provided that:
(A)
The governing body of the municipality shall establish by ordinance an electronic funds payment system directly into payees' accounts in financial institutions in payment of any account allowed against the municipality;
(B)
For purposes of this subsection, municipalities opting for an electronic funds payment system shall establish written policies and procedures to ensure that the electronic funds payment system provides for internal accounting controls and documentation for audit and accounting purposes; and
(C)
Each electronic funds payment system established under this subsection shall comply with the information systems best practices approved by the Legislative Joint Auditing Committee before implementation by the municipality.
(2)
A single electronic funds payment may contain payments to multiple payees, appropriations, characters, or funds.
(f)
A disbursement of municipal funds shall have adequate supporting documentation for the disbursement.
Amended by Act 2019, No. 138,§ 2, eff. 7/24/2019.
Acts 1973, No. 159, § 5; A.S.A. 1947, § 19-5305; Acts 1997, No. 543, § 1; 2009, No. 316, § 1; 2011, No. 621, § 2.