Arkansas Code Title 19, Chapter 3, Subchapter 5 - State Treasury Management Law

• § 19-3-501 - Title.
  This subchapter shall be known and may be cited as the "State Treasury Management Law".
• § 19-3-502 - Definitions.
  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...
• § 19-3-503 - State Treasury Accounts.
  The Treasurer of State may create and rename accounts to ensure the proper accounting and administration of the State Treasury.
• § 19-3-504 - Record and Report of Financial Transactions.
  (a) (1) (A) The State Board of Finance shall: (i) Establish the record-keeping requirements of the Treasurer of State for the State Treasury; and...
• § 19-3-505 - Disposition of Moneys Received by Treasurer of State.
  (a) (1) The Treasurer of State shall issue receipts to depositors of moneys into the State Treasury. (2) On the day of receipt or...
• § 19-3-506 - Custodian of Moneys and Securities -- Internal Controls -- Annual Audit.
  (a) (1) The Treasurer of State shall: (A) Be custodian of all moneys, securities, and certificates of deposit at any time held in the...
• § 19-3-507 - Bank Depositories Generally.
  (a) Subject to the conditions and limitations provided in §§ 19-3-508 -- 19-3-517, a bank or savings and loan association may be designated as...
• § 19-3-508 - Deposits in Ineligible Institutions.
  (a) The Treasurer of State shall not deposit State Treasury funds into an institution that is not eligible to be a bank depository under...
• § 19-3-509 - Maximum Amount of Deposits and Investments -- Protection of State Treasury Funds.
  (a) The maximum amount of moneys and securities from the State Treasury held by a bank depository shall not exceed an amount equal to...
• § 19-3-510 - Types of Accounts for Deposits.
  (a) (1) Funds from the State Treasury deposited into a bank depository or an investment depository shall be credited to accounts in the name...
• § 19-3-511 - Term of Deposit -- Interest.
  (a) At a meeting called and held before the start of the term of a certificate of deposit, the State Board of Finance shall...
• § 19-3-512 - Estimate and Investment of Funds Not Needed for Immediate Cash Requirements.
  (a) (1) No less than quarterly, the State Board of Finance in conjunction with the Chief Fiscal Officer of the State shall determine the...
• § 19-3-513 - Interest Income on Deposits.
  (a) Interest from time to time due by a bank depository on Cash Account demand deposit accounts and Certificate of Deposit Account certificates of...
• § 19-3-514 - List of Deposits.
  (a) (1) On or before the tenth day following the end of each calendar quarter, the Treasurer of State shall prepare a list of...
• § 19-3-515 - Charges on Deposits.
  (a) (1) The Treasurer of State, acting ministerially, may contract with a bank depository or investment depository to pay processing fees for handling funds...
• § 19-3-516 - Discontinuance As Bank Depository.
  (a) A bank depository that refuses to cash upon presentation by the payee within thirty (30) days of issuance a state warrant of five...
• § 19-3-517 - Effect of Proper Deposits.
  The deposit of State Treasury funds in accordance with §§ 19-3-507 -- 19-3-516 relieves the Treasurer of State and the surety on the Treasurer...
• § 19-3-518 - Investments in Securities and Bank Certificates of Deposit.
  (a) (1) Trust fund accounts in the State Treasury may be invested in: (A) Certificates of deposit of banks and savings and loan associations;...
• § 19-3-519 - State Treasury Certificate of Deposit Investment Program.
  (a) The policy of the State Board of Finance to set aside an amount to be invested in certificates of deposit that mature no...
• § 19-3-520 - Minimum Balance to Be Maintained.
  Since it is the intent of the General Assembly of the State of Arkansas that the State Treasury have sufficient cash available at all...
• § 19-3-521 - Securities Reserve Fund.
  (a) (1) In addition to the purposes for which the Securities Reserve Fund may be used under this subchapter, the Securities Reserve Fund shall...
• § 19-3-522 - Servicing State Debt.
  (a) Unless otherwise specifically provided by law, the Secretary of the State Board of Finance shall be disbursing officer of appropriations made for meeting...

Last modified: November 15, 2016