Since it is the intent of the General Assembly of the State of Arkansas that the State Treasury have sufficient cash available at all times to redeem all state warrants presented for payment, the State Board of Finance shall immediately sell securities in the manner prescribed in ยง 19-3-518(b) when the cash balance maintained on demand deposit in bank depositories falls below the amount necessary to meet operating requirements, excluding trust funds.
Section: Previous 19-3-509 19-3-510 19-3-511 19-3-512 19-3-513 19-3-514 19-3-515 19-3-516 19-3-517 19-3-518 19-3-519 19-3-520 19-3-521 19-3-522 NextLast modified: November 15, 2016