Arkansas Code Title 19, Chapter 8, Subchapter 1 - General Provisions

• § 19-8-101 - Definitions.
  (a) "Public funds" or "funds" means any and all kinds of funds handled by treasurers, collectors, commissioners, sheriffs, and clerks.(b) "Bank" or "banking institution"...
• § 19-8-102 - Legal Funds.
  The legal funds referred to in §§ 19-8-101 -- 19-8-107 as being eligible for deposit in depositories shall include any and all funds that...
• § 19-8-103 - Penalties.
  (a) It is a felony, punishable by fine of not more than one thousand dollars ($1,000) or one (1) year in prison, or both,...
• § 19-8-104 - Investment of Public Funds.
  (a) Except as provided in subsection (b) of this section, all public funds as defined in § 19-8-101 shall be deposited into banks located...
• § 19-8-105 - Annual List of Eligible Banks.
  (a) Annually, on December 1, the Bank Commissioner shall furnish to the governing board of each city, or town officer, and the county board...
• § 19-8-106 - Depository Boards.
  (a) (1) The quorum court of each of the several counties shall by ordinance establish a county depository board. The county depository board is...
• § 19-8-107 - Depository Agreements.
  (a) (1) After the receipt from the Bank Commissioner of the list of banks or banking institutions and recommended amounts of public funds each...
• § 19-8-108 - Mortgages and Securities As Security.
  Whenever securities must be furnished by any depository in the State of Arkansas as security for the deposit of any funds whatsoever, or wherever...
• § 19-8-109 - Housing Agency Bonds As Security.
  All banks which are by law authorized to accept deposits of public funds may tender, and all officers or boards whose duty it is...
• § 19-8-110 - Farm Credit Obligations As Security.
  It shall be lawful for any person, firm, or corporation required by law to maintain a cash deposit as public security, or in lieu...
• § 19-8-111 - Additional Authority for Investment of Public Funds.
  (a) Notwithstanding any law to the contrary, including §§ 19-8-103 and 19-8-105, the state or local government and any trusts established under the Local...

Last modified: November 15, 2016