Browse Arkansas Code titles and sections
15-41-110. Interest earned on game and fish funds.
Arkansas Code — all titles (historical 2020) · legal_authorities
15-41-110. Interest earned on game and fish funds.
(a) The Treasurer of State shall on the second business day that the State Treasury is open after the twenty-fifth day of the month compute the balance of the Game Protection Fund or any other funds administered by the Arkansas State Game and Fish Commission during the preceding month. The Treasurer of State shall transfer on that day to the Game Protection Fund interest on the balances to be computed as authorized under § 19-3-518(d)(4).
(b) All interest earned on the Arkansas State Game and Fish Commission funds shall be classified as special revenues and, after deducting three percent (3%) for credit to the Constitutional Officers Fund and State Central Services Fund, the Treasurer of State shall credit the remaining interest earned to the Game Protection Fund.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 15-41-110
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.
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Record provenance
Stable record: arkansas_code:legal_authorities:15-41-110
Source file: gov.ar.code.title.15.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 44c86cb4c9022755bf7aeb99bd1a4087a36a29f85f3bf608b19a4a1b58741353
Source location: content.xml paragraph 19234
Stored source content
15-41-110. Interest earned on game and fish funds.
(a) The Treasurer of State shall on the second business day that the State Treasury is open after the twenty-fifth day of the month compute the balance of the Game Protection Fund or any other funds administered by the Arkansas State Game and Fish Commission during the preceding month. The Treasurer of State shall transfer on that day to the Game Protection Fund interest on the balances to be computed as authorized under § 19-3-518(d)(4).
(b) All interest earned on the Arkansas State Game and Fish Commission funds shall be classified as special revenues and, after deducting three percent (3%) for credit to the Constitutional Officers Fund and State Central Services Fund, the Treasurer of State shall credit the remaining interest earned to the Game Protection Fund.
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Arkansas Code — all titles (historical 2020) · legal_authorities
19-3-518. Investments in securities and bank certificates of deposit.
(a)(1) Trust fund accounts in the State Treasury may be invested in:
(A) Certificates of deposit of banks and savings and loan associations; and
(B) Securities eligible under other law.
(2)(A) The administrator of a trust fund account shall review, from time to time, the flow of moneys through the trust fund account in the State Treasury to determine the estimated surplus moneys in the trust fund account that exceed the immediate requirements of the trust fund account.
(B)(i)(a) After taking into consideration the amount of the estimated surplus moneys under subdivision (a)(2)(A) of this section, the administrator shall certify to the Treasurer of State the amount of surplus moneys and the period of time during which the surplus moneys are not required.
(b) The Treasurer of State shall invest the amount certified in certificates of deposit issued by eligible banks and savings and loan associations.
(c) If the Treasurer of State is unable to place the certified amount in certificates of deposit, then the remainder may be placed in securities with the administrator's approval.
(ii)(a) Moneys required for a purchase under this subdivision (a)(2)(B) shall be withdrawn from the Cash Account and paid to the bank depository issuing the certificate of deposit or the investment depository selling the securities.
(b)(1) The principal amount of the certificate of deposit shall be debited to the Trust Deposit Account.
(2) The principal amount of a security shall be debited to the Trust Investment Account.
(iii) The certificates of deposit shall be secured by the Treasurer of State in accordance with the collateralization and investment policies of the State Board of Finance.
(iv)(a) Intere
Source: Arkansas Code — historical release 78 (November 6, 2020) · 19-3-518
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. The source passage cites 19-3-518. This identifies an authority to review, not proof of applicability.