(a) All fees, fines, and charges collected by the Arkansas Towing and Recovery Board under the provisions of this subchapter shall be paid to the secretary-treasurer, who shall be the custodian of all funds and shall deposit same in a bank or banks to be designated by the board.
(b) The secretary-treasurer shall execute a bond in the amount determined by the State Risk Manager pursuant to the blanket bond program as authorized in ยง 21-2-601 et seq. [repealed].
(c) The secretary-treasurer shall pay funds of the board only on vouchers signed by himself or herself and countersigned by the chair. The total expenses for all purposes and obligations of the board shall not exceed the total fees, charges, and other funds paid to the board under the provisions of this subchapter.
(d) The secretary-treasurer shall make semiannual financial reports in detail to the board not later than January 31 and July 31 of each year, which financial reports will be kept on permanent file by the board.
Section: Previous 27-50-1204 27-50-1205 27-50-1206 27-50-1207 27-50-1208 27-50-1209 27-50-1210 27-50-1211 27-50-1212 27-50-1213 27-50-1214 27-50-1215 27-50-1216 27-50-1217 27-50-1218 NextLast modified: November 15, 2016