Title 19 — Public Finance

(a) The Secretary of State, the Insurance Commissioner, the Commissioner of State Lands, the Attorney General, the Bank Commissioner, and the Auditor of State shall issue their receipts respectively for all moneys coming into the State Treasury through their departments, respecti…

(a) The Treasurer of State shall grant duplicate receipts under the seal of his or her office for all sums of money that are paid into the State Treasury. (b) The person receiving the receipts shall deposit one (1) of the receipts with the Auditor of State, who shall credit the p…

(a) All payments for the expenses of the departments of the state government shall be due and payable in the normal course of business. (b) All payments of contingent expenses are due and payable as they may accrue.

(a) (1) An officer, employee, or agent of the State of Arkansas, or any board of regents or board of trustees, or any other person or authority who may make expenditures of money appropriated for the different state institutions or who may direct the expenditure of such money so …

(a) It is unlawful for the head or any subordinate in charge of any state department, board, bureau, or other state-maintained institution to cause, permit to occur, or allow to exist a deficiency in excess of regular appropriation made for maintenance of the department, board, b…

The Treasurer of State shall accept checks for the remittance due the state.

(a) When remittance is made by check to the Treasurer of State and the check is returned unpaid, the Treasurer of State shall make a duplicate of the check and carry it as a cash item, delivering the original to the Attorney General for collection after adding a penalty of twenty…

(a) If a person, firm, corporation, partnership, or business makes payment to the Department of Finance and Administration for a license or fees imposed by the laws of this state by means of a check, draft, or order drawn on a bank, person, firm, or corporation, and the check, dr…

A state agency, board, commission, or institution shall not refuse to accept personal checks unless the state agency, board, commission, or institution has filed with the Legislative Council a written statement justifying the policy of the state agency, board, commission, or inst…

This subchapter shall be known and may be cited as the “Accounts and Notes Receivable Abatement Act”.

This subchapter establishes procedures for the various state agencies, authorities, boards, commissions, departments, and institutions of higher education to charge-off or cancel uncollectible moneys owed to them.

(1) As used in this subchapter:(1) “Abatement” means a complete or partial cancellation of a tax levied, special assessment, service charge, student loan, note receivable, or other amounts for which asset recognition criteria have been met;(2) (A) “Accounts receivable” means an a…

Each state agency shall record upon its books of record the amounts due it for delivery of goods and services, licenses, unpaid taxes, student loans, special assessments, accounts receivable, and notes receivable that are recognized by the state agency as due and payable or recog…

(a) A state agency shall diligently and actively pursue the collection of the state agency's accounts and notes receivable. (b) Diligently and actively pursuing the collection of these accounts may include without limitation:(1) Contacting the debtor by phone or letter within a r…

(a) If after the state agency has pursued collection of the debt owed the state agency as set out in this subchapter and the debt or partial debt is decreed to be uncollectible, then the debt shall be referred to the Chief Fiscal Officer of the State for abatement. (b) The Chief …

The Secretary of the Department of Finance and Administration may promulgate rules that are necessary to implement this subchapter.

(a) (1) In the event of riots, threatened riots, sabotage, public insurrection, threatened insurrection, storm, flood, famine, or other public calamity that jeopardizes the public peace, health, and safety of citizens of Arkansas that calls for immediate action, the Governor is d…

The State of Arkansas and its political subdivisions have the responsibility to properly account for all financial transactions. In order to help fulfill this responsibility, the State of Arkansas and other public entities are required to maintain books and records of transaction…

(a) As used in this subchapter, “public entity” means state agencies, including all constitutional offices and agencies, boards, and commissions, state institutions of higher education, municipalities, counties, school districts, education service cooperatives, improvement distri…

For a financial institution to be eligible to be a depository of public funds, the financial institution shall furnish the public entity the documentation required in this subchapter of transactions with or through that financial institution.

(a) On a monthly basis, a financial institution shall furnish a public entity with statements summarizing all transactions of the public entity. (b) Unless the public entity and the financial institution have a written agreement to receive digital images or copies in compliance w…

(a) A financial institution desiring to provide public entities with images of canceled checks as provided in this subchapter shall provide a sample of imaged documents in one (1) or more of the following formats to Arkansas Legislative Audit for review:(1) Stored on a CD-ROM or …

(a) After a financial institution has received written notification from Arkansas Legislative Audit that the submitted samples of its imaged documents under § 19-2-505 comply with this subchapter and upon agreement with the public entity, the financial institution may provide the…

(a) Upon request by the Legislative Auditor, a financial institution shall provide a copy of a public entity's financial information directly to Arkansas Legislative Audit staff without delay or approval from the public entity. (b) The financial institutions may provide the digit…

This subchapter does not change, amend, or repeal any laws or rules regarding a financial institution's normal obligations and responsibilities to maintain customer financial records.