Browse Arkansas Code titles and sections
14-125-311. Record and report of financial transactions.
Arkansas Code — all titles (historical 2020) · legal_authorities
14-125-311. Record and report of financial transactions.
(a) The board of directors shall keep a complete record of all financial transactions relating to the carrying out of the approved plan for works of improvement in a project area.
(b)(1) On or before March 1 of each year, the board shall file with the clerk of the court a sworn statement covering the preceding year ending December 31 of the financial condition of the district with respect to the approved plan in a project area.
(2) In project areas with revenues, from whatever source derived, in excess of five thousand dollars ($5,000) per year, the pertinent books, records, and last annual report of the district with respect to the approved plan shall be examined at least once a year by a certified public accountant.
(3) The accountant shall file a report of the examination with the clerk of the court within thirty (30) days after completing such examination.
(4) The accountant shall recommend the form and method for keeping books and records and for making the reports of the district with respect to the approved plan.
(5) The expense of the examination shall be paid as a part of the expenses of carrying out the approved plan.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 14-125-311
Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. A text match is a research starting point; applicability is not established.
Issuing source page ↗
Authority boundary: historical statutory source snapshot not current law.
Open the recorded source website ↗
Record provenance
Stable record: arkansas_code:legal_authorities:14-125-311
Source file: gov.ar.code.title.14.odt
Pages: Not recorded – Not recorded
Passage SHA-256: e3e8f09f29f42f2372a2fe73b71faf60295339f0e26450245fb48fde7a314047
Source location: content.xml paragraph 33555
Stored source content
14-125-311. Record and report of financial transactions.
(a) The board of directors shall keep a complete record of all financial transactions relating to the carrying out of the approved plan for works of improvement in a project area.
(b)(1) On or before March 1 of each year, the board shall file with the clerk of the court a sworn statement covering the preceding year ending December 31 of the financial condition of the district with respect to the approved plan in a project area.
(2) In project areas with revenues, from whatever source derived, in excess of five thousand dollars ($5,000) per year, the pertinent books, records, and last annual report of the district with respect to the approved plan shall be examined at least once a year by a certified public accountant.
(3) The accountant shall file a report of the examination with the clerk of the court within thirty (30) days after completing such examination.
(4) The accountant shall recommend the form and method for keeping books and records and for making the reports of the district with respect to the approved plan.
(5) The expense of the examination shall be paid as a part of the expenses of carrying out the approved plan.
Cross-references
Connections may be documented source relationships, shared citations or nearby passages. Each explains its basis; a connection alone does not establish applicability to your situation.
No explicit source connection was found. This does not mean there are no relevant authorities.