Title 19 — Public Finance
34 chapters · 998 sections in this title.
Ark. Code Ann. § 19-7-408 Information exchange programs
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The Office of Intergovernmental Services may cooperate with agencies of the United States Government in the development and utilization of intergovernmental information exchange programs that may be of benefit to the State of Arkansas.
Ark. Code Ann. § 19-7-409 Revenue sharing
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The Office of Intergovernmental Services is responsible for providing technical assistance to units of local government on matters relating to federal revenue sharing. The Office of Intergovernmental Services is designated as the liaison between the federal Office of Revenue Shar…
Ark. Code Ann. § 19-7-410 Advice of legislative departments
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It is recognized by the legislative and executive departments of government that some of the executive departments' authority or responsibility as provided in this subchapter should possibly have the legislative departments' concurrence before proceeding with that authority or re…
Ark. Code Ann. § 19-7-501 Federal lands
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(a) Moneys received by the Treasurer of State from the United States Government for a sale, lease, royalty, bonus, or rental of oil, gas, or mineral lands belonging to the United States Government and located in this state shall be distributed under this section. (b) Moneys recei…
Ark. Code Ann. § 19-7-601 Federal Adult Basic Education Fund
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There is created on the books of the Treasurer of State, the Auditor of State, and the Chief Fiscal Officer of the State a fund to be known as the “Federal Adult Basic Education Fund”.
Ark. Code Ann. § 19-7-602 Federal Elementary and Secondary Education Fund
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There is created on the books of the Treasurer of State, the Auditor of State, and the Chief Fiscal Officer of the State a fund to be known as the “Federal Elementary and Secondary Education Fund”.
Ark. Code Ann. § 19-20-101 Title
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This subtitle shall be known and may be cited as the “Revenue Stabilization Law”.
Ark. Code Ann. § 19-20-102 Legislative intent
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(1) Because of the many revenue laws of the state providing for the levying and collecting of taxes, licenses, and fees for the support of state government and its agencies and enacted by the General Assembly, it is declared to be the policy of the General Assembly with respect t…
Ark. Code Ann. § 19-20-103 Fiscal year
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The fiscal year of the state, for the conduct of its financial affairs, shall commence on July 1 and end on June 30 of the following year.
Ark. Code Ann. § 19-20-104 Establishment of other funds or accounts
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(a) (1) The Chief Fiscal Officer of the State may only establish such other funds or fund accounts on the books and on the books of the Treasurer of State and the Auditor of State for making payments that are composed of funds derived from more than one (1) fund or fund account a…
Ark. Code Ann. § 19-20-105 Appropriations for agencies not funded
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If the General Assembly has appropriated general revenue funds for any agency, department, or institution for which funding is not provided in this subtitle, the Chief Fiscal Officer of the State shall make the appropriation payable from the General Revenue Fund Account from whic…
Ark. Code Ann. § 19-20-106 Transfer of funds
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(a) The Chief Fiscal Officer of the State may direct a transfer of funds on the books of the Treasurer of State, the Auditor of State, and the Department of Finance and Administration for the following purposes:(1) To correct accounting errors;(2) To make loans to authorized fund…
Ark. Code Ann. § 19-20-107 Appropriation for state agencies not provided by General Assembly
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(a) If the appropriation is not provided by the General Assembly for cash fund expenditures for any state agency pursuant to § 19-4-801 et seq., the state agency shall request a transfer of appropriation from the Chief Fiscal Officer of the State, stating clearly the amount requi…
Ark. Code Ann. § 19-21-101 State Apportionment Fund
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(a) (1) There is created on the books of the Treasurer of State, the Auditor of State, and the Chief Fiscal Officer of the State a fund to be known as the “State Apportionment Fund”.(2) All general revenues and all special revenues, as defined in the Revenue Classification Law, §…
Ark. Code Ann. § 19-21-102 General Revenue Fund Account
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(a) (1) There is established on the books of the Treasurer of State, the Auditor of State, and the Chief Fiscal Officer of the State a fund account to be known as the “General Revenue Fund Account” of the State Apportionment Fund to which all gross general revenues are to be cred…
Ark. Code Ann. § 19-21-103 Special Revenue Fund Account
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(a) There is created on the books of the Treasurer of State, the Auditor of State, and the Chief Fiscal Officer of the State a fund account to be known as the “Special Revenue Fund Account” of the State Apportionment Fund to which all gross special revenues are to be credited upo…
Ark. Code Ann. § 19-21-104 Revenue Holding Fund Account
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(a) (1) There is created on the books of the Treasurer of State, the Auditor of State, and the Chief Fiscal Officer of the State a fund account to be known as the “Revenue Holding Fund Account” of the State Apportionment Fund to which all taxes, licenses, fees, penalties, interes…
Ark. Code Ann. § 19-21-105 Constitutional Officers Fund and State Central Services Fund
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(a) The elected constitutional officers and their departments of government as established by the Arkansas Constitution and certain state departments and employees of state departments are known and recognized as performing and rendering, either individually or collectively, serv…
Ark. Code Ann. § 19-21-106 Service charges against state agencies — Definition
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(a) (1) As used in this section, “state agency” includes all boards, commissions, departments, agencies, institutions, offices, or officers, and any other office or unit of the State of Arkansas created pursuant to law or pursuant to any action of the Governor, functioning under …
Ark. Code Ann. § 19-21-107 Certain sales and use taxes not subject to deduction, transfer, or distribution
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The sales and use taxes levied under Arkansas Constitution, Amendment 91, § 3, and Arkansas Constitution, Amendment 101, § 2, are not subject to deduction, transfer, or distribution to the Constitutional Officers Fund or the State Central Services Fund under §§ 19-21-102, 19-21-1…
Ark. Code Ann. § 19-22-101 Funds and fund accounts — Generally
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There are created on the books of the Treasurer of State, the Auditor of State, and the Chief Fiscal Officer of the State the general revenue operating funds and fund accounts in this chapter which shall be used only for those purposes as set out in this chapter. These funds shal…
Ark. Code Ann. § 19-22-102 State General Government Fund
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(1) The State General Government Fund shall consist of the following fund accounts and funds made available for the support of the various departments of government as set out below and shall be used for the same purposes as set out for the following fund accounts:(1) Division of…
Ark. Code Ann. § 19-22-103 Institutions of higher education funds
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(a) University of Arkansas Fund. (1) There is created on the books of the Treasurer of State, the Auditor of State, and the Chief Fiscal Officer of the State a fund to be known as the “University of Arkansas Fund”.(2) The University of Arkansas Fund shall be used for the maintena…
Ark. Code Ann. § 19-22-104 Education Fund
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(1) The Education Fund shall consist of the following funds and fund accounts made available for the support of the Division of Elementary and Secondary Education, the Division of Career and Technical Education, the Adult Education Section, and the Office of Skills Development, a…
Ark. Code Ann. § 19-22-105 Public School Fund
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(a) The Public School Fund shall consist of the following fund accounts and funds made available for the support of the Division of Elementary and Secondary Education, the Arkansas State Library, and the Division of Career and Technical Education and shall be used for the same pu…
Ark. Code Ann. § 19-22-106 Department of Human Services Fund
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(1) The Department of Human Services Fund shall consist of the following fund accounts and funds made available for the support of the Department of Human Services and shall be used for the same purposes as set out for the following fund accounts:(1) Behavioral Health Services Fu…
Ark. Code Ann. § 19-22-107 Public Health Fund
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(a) The Public Health Fund shall be used for the maintenance, operation, and improvement required by the regional health centers and the various divisions of the Department of Health in carrying out the powers, functions, and duties as set out in § 20-7-102 et seq. or other dutie…
Ark. Code Ann. § 19-22-108 Water, Sewer, and Solid Waste Systems Revolving Fund
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(a) A special fund to be known as the “Water, Sewer, and Solid Waste Systems Revolving Fund” is created to provide a depository for funds that may be appropriated or otherwise secured for the purposes of matching or supplementing federal grants and loans. (b) The Water, Sewer, an…
Ark. Code Ann. § 19-22-109 Black River Technical College Fund and University of Arkansas — Pulaski Technical College Fund
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(a) (1) The Black River Technical College Fund shall be used for the maintenance, operation, and improvement of Black River Technical College.(2) The Black River Technical College Fund shall consist of:(A) Those general revenues as may be provided by law; and(B) Any other funds m…
Ark. Code Ann. § 19-22-110 State Services for the Blind Fund
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(a) The State Services for the Blind Fund shall be used for the maintenance, operation, and improvement required by the Division of State Services for the Blind in carrying out the powers, functions, and duties as set out in § 25-11-201 et seq. or other duties imposed by law upon…
Ark. Code Ann. § 19-23-101 Allocations for Fiscal Year 2025-2026 and thereafter
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Commencing with the fiscal year beginning July 1, 2025, and each fiscal year thereafter, the Treasurer of State shall transfer all remaining general revenues available for distribution on the last day of business in July 2025, and on the last day of business in each calendar mont…
Ark. Code Ann. § 19-23-102 Maximum allocations of revenues for fiscal year 2025-2026 and thereafter
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ALLOCATION A. The Treasurer of State shall first make monthly allocations in the proportions set out in this section to the funds and fund accounts listed below until there has been transferred a total of six billion four hundred ninety-three million nine hundred ninety-eight tho…
Ark. Code Ann. § 19-23-103 Authority of Treasurer of State
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The Treasurer of State, in calculating the proportionate share of the maximum allocation to determine the monthly distribution of net general revenues available for distribution for each fund or fund account, as authorized in this chapter, shall compute the calculation of five (5…
Ark. Code Ann. § 19-23-104 Transfer of remaining revenues
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(a) After making the maximum annual allocation as provided for in § 19-23-102, the first two hundred million dollars ($200,000,000) shall be distributed as follows:(1) Seventy-five percent (75%) of the remaining general revenues available for distribution during each fiscal year …
Ark. Code Ann. § 19-24-101 Budget Stabilization Trust Fund — Creation — Purpose
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(a) (1) There is created on the books of the Treasurer of State, the Auditor of State, and the Chief Fiscal Officer of the State a fund to be known as the “Budget Stabilization Trust Fund”.(2) The Budget Stabilization Trust Fund shall consist of funds made available and transferr…
Ark. Code Ann. § 19-24-102 Loans from fund
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(a) The Chief Fiscal Officer of the State shall be guided by the following limitations and procedures in making loans from the Budget Stabilization Trust Fund for the respective purposes for which the loans may be made, as established in this subsection:(1) State agencies support…
Ark. Code Ann. § 19-24-103 Work release centers
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(a) The Community Correction Revolving Fund may borrow from the Budget Stabilization Trust Fund for the establishment of new work release centers for the Division of Correction. (b) Loans under subsection (a) of this section shall be repaid by the end of the fiscal year in which …
Ark. Code Ann. § 19-24-104 Loans of anticipated proceeds of Aging and Adult Services Fund Account
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In addition to those purposes for which the Budget Stabilization Trust Fund may be used, the Department of Human Services may borrow from the Budget Stabilization Trust Fund an amount equal to eighty percent (80%) of the anticipated proceeds made available to the Aging and Adult …
Ark. Code Ann. § 19-24-105 Financial aid programs
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(a) To provide timely payments under financial aid appropriations, the Chief Fiscal Officer of the State may provide loans from the Budget Stabilization Trust Fund to make available all funds attributable to the financial aid programs under the then current official revenue estim…
Ark. Code Ann. § 19-25-101 Municipal Aid Fund
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(a) There is created on the books of the Treasurer of State, the Auditor of State, and the Chief Fiscal Officer of the State a fund to be known as the “Municipal Aid Fund”. (b) The Municipal Aid Fund shall consist of:(1) Such general revenues as may be made available to the Munic…
Ark. Code Ann. § 19-25-102 County Aid Fund
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(a) There is created on the books of the Treasurer of State, the Auditor of State, and the Chief Fiscal Officer of the State a fund to be known as the “County Aid Fund”. (b) The County Aid Fund shall consist of:(1) The general revenues as may be provided by the Revenue Stabilizat…
Ark. Code Ann. § 19-25-103 Overpayments to funds
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(a) If moneys are distributed to the County Aid Fund and the Municipal Aid Fund during any month that are in excess of one-twelfth (1/12) of the amount estimated by the Chief Fiscal Officer of the State to become available to the County Aid Fund and the Municipal Aid Fund during …
Ark. Code Ann. § 19-26-201 Corporate Income Tax Withholding Fund
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(a) There is created on the books of the Treasurer of State, the Auditor of State, and the Chief Fiscal Officer of the State a trust fund to be known as the “Corporate Income Tax Withholding Fund”. (b) The Corporate Income Tax Withholding Fund shall consist of those general reven…
Ark. Code Ann. § 19-26-202 Individual Income Tax Withholding Fund
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(a) There is created on the books of the Treasurer of State, the Auditor of State, and the Chief Fiscal Officer of the State a trust fund to be known as the “Individual Income Tax Withholding Fund”. (b) The Individual Income Tax Withholding Fund shall consist of those general rev…
Ark. Code Ann. § 19-26-203 Securities Reserve Fund
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(a) There is created on the books of the Treasurer of State, the Auditor of State, and the Chief Fiscal Officer of the State a trust fund to be known as the “Securities Reserve Fund”. (b) The Securities Reserve Fund shall consist of moneys derived from savings effected in the ret…
Ark. Code Ann. § 19-26-204 Ad Valorem Tax Fund
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(a) (1) There is created on the books of the Treasurer of State, the Auditor of State, and the Chief Fiscal Officer of the State a trust fund to be known as the “Ad Valorem Tax Fund”.(2) The Ad Valorem Tax Fund shall consist of those trust revenues derived from the ad valorem tax…
Ark. Code Ann. § 19-26-205 Revolving Loan Fund
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(a) There is created on the books of the Treasurer of State, the Auditor of State, and the Chief Fiscal Officer of the State a trust fund to be known as the “Revolving Loan Fund”. (b) The fund shall consist of the repayment of moneys loaned or invested through the Revolving Loan …
Ark. Code Ann. § 19-26-206 Revolving Loan Certificate Fund
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(a) There is created on the books of the Treasurer of State, the Auditor of State, and the Chief Fiscal Officer of the State a trust fund to be known as the “Revolving Loan Certificate Fund”. (b) The fund shall consist of such income as may be provided by law, there to be used fo…
Ark. Code Ann. § 19-26-207 Department of Health Building Fund
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(a) There is created on the books of the Treasurer of State, the Auditor of State, and the Chief Fiscal Officer of the State a trust fund to be known as the “Department of Health Building Fund”. (b) The fund shall consist of moneys received from the lessee or purchaser as provide…
Ark. Code Ann. § 19-26-208 Second Injury Trust Fund
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(a) There is created on the books of the Treasurer of State, the Auditor of State, and the Chief Fiscal Officer of the State a trust fund to be known as the “Second Injury Trust Fund”. (b) The fund shall consist of the revenues provided by §§ 11-9-101 — 11-9-105, 11-9-107 — 11-9-…