As used in this subchapter:
(1) "Bank" means:
(A) A state bank, a national bank, or an out-of-state state-chartered bank that has received a certificate of authority under § 23-48-1001; and
(B) A foreign bank organized under the laws of a territory of the United States, Puerto Rico, Guam, American Samoa, or the United States Virgin Islands if the deposits of the foreign bank are insured by the Federal Deposit Insurance Corporation;
(2) "Bank depository" means a bank or savings and loan association that accepts a deposit of funds from the State Treasury;
(3) "Capital base" means the sum of a bank's capital stock, surplus, and undivided profits, plus any additions and less any subtractions which the commissioner may by regulation prescribe;
(4) "Cash Account" means the asset account in the State Treasury consisting of all cash:
(A) In the hands of the Treasurer of State; and
(B) On deposit in the name of the Treasurer of State in a bank depository;
(5) "Certificate of Deposit Account" means the asset account in the State Treasury consisting of all, but only, certificates of deposit acquired by the Treasurer of State through the State Treasury Certificate of Deposit Investment Program;
(6) "Fund account" means a specifically named liability account in the State Treasury to which moneys are credited upon receipt and charged upon withdrawal that:
(A) Is created or authorized by law; and
(B) Reflects the amount of money owed to an agency or instrumentality of the State of Arkansas;
(7) "Gross treasury fund balances" means the aggregate total amount of the balances standing to the credit of all funds on the records of the Treasurer of State;
(8) "Investment depository" means a person or entity that accepts money or securities from the State Treasury for investment purposes;
(9) "National bank" means a national banking association organized to carry on the business of banking under Title 12, Chapter 2, of the United States Code;
(10) "Safekeeping Account" means the account in the State Treasury administered by the Treasurer of State for the benefit of other government entities consisting of all securities received by the Treasurer of State from the administrators of the several state retirement systems and other trust accounts;
(11) "Savings and loan association" means a corporation carrying on the business of a savings and loan association or a building and loan association under a charter issued by this state or any federal savings association or federal savings bank that is chartered under federal law;
(12) "Securities Account" means the asset account in the State Treasury consisting of all securities held by the Treasurer of State through its investment of gross state fund balances;
(13) (A) "Securities broker" means a person or entity that:
(i) Buys or sells an investment for the State Treasury; or
(ii) Receives any form of compensation or remuneration in connection with the purchase or sale of an investment of State Treasury funds.
(B) "Securities broker" includes a stock broker, a securities broker, an investment adviser, and any other person or entity that facilitates or helps to facilitate a transaction concerning an investment of State Treasury funds;
(14) "State bank" means a state bank as defined in § 23-45-102;
(15) "State Treasury" means all moneys, securities, and gross treasury fund balances administered by the Treasurer of State;
(16) "Trust Deposit Account" means the asset account in the State Treasury consisting of all, but only, certificates of deposit administered by the Treasurer of State for the benefit of the several retirement systems and other trust fund accounts;
(17) "Trust fund account" means a specifically named liability account designated by law as a trust fund in the State Treasury to which moneys are credited upon receipt and debited upon withdrawal, representing the balance owed by the State Treasury to agencies and instrumentalities of the State of Arkansas; and
(18) "Trust Investment Account" means the asset account in the State Treasury consisting of all, but only, securities administered by the Treasurer of State for the benefit of the several retirement systems and other trust fund accounts.
Section: 19-3-502 19-3-503 19-3-504 19-3-505 19-3-506 19-3-507 19-3-508 19-3-509 19-3-510 19-3-511 19-3-512 19-3-513 19-3-514 19-3-515 NextLast modified: November 15, 2016