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17-31-208. Disposition of funds.
Arkansas Code — all titles (historical 2020) · legal_authorities
17-31-208. Disposition of funds.
(a)(1) The Secretary of the Arkansas State Board of Registration for Foresters shall receive, disburse, and account for all income paid to or received by the Arkansas State Board of Registration for Foresters.
(2) The secretary shall institute a system of books and financial records satisfactory to the Director of the Department of Finance and Administration.
(3)(A) The secretary shall open an account in a bank in this state designated by the board as its official depository.
(B) The secretary and one (1) other officer of the board shall both sign all checks disbursing funds of the board.
(C) The secretary shall deposit all funds of the board which he or she receives into the bank designated as the official depository within forty-eight (48) hours, excluding holidays and Sundays, after he or she receives the funds.
(b) All fines collected for the violation of any provisions of this chapter shall be paid over to the board to be used by it in the same manner as funds received for the issuance of licenses.
(c) Under no circumstances shall the total amount of warrants issued by the board in payment of the expenses and compensation provided for in this chapter exceed the amount of the application, registration, and other fees collected as herein provided.
(d) Any surplus funds at the end of the fiscal year may be retained by the board for future expenditures, and the board shall not be required to pay any surplus into the General Revenue Fund Account of the State Apportionment Fund.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 17-31-208
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:17-31-208
Source file: gov.ar.code.title.17.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 187f64ec36043b40f491268266db90fe773417851ddbbed2a91a5a270a9da708
Source location: content.xml paragraph 10925
Stored source content
17-31-208. Disposition of funds.
(a)(1) The Secretary of the Arkansas State Board of Registration for Foresters shall receive, disburse, and account for all income paid to or received by the Arkansas State Board of Registration for Foresters.
(2) The secretary shall institute a system of books and financial records satisfactory to the Director of the Department of Finance and Administration.
(3)(A) The secretary shall open an account in a bank in this state designated by the board as its official depository.
(B) The secretary and one (1) other officer of the board shall both sign all checks disbursing funds of the board.
(C) The secretary shall deposit all funds of the board which he or she receives into the bank designated as the official depository within forty-eight (48) hours, excluding holidays and Sundays, after he or she receives the funds.
(b) All fines collected for the violation of any provisions of this chapter shall be paid over to the board to be used by it in the same manner as funds received for the issuance of licenses.
(c) Under no circumstances shall the total amount of warrants issued by the board in payment of the expenses and compensation provided for in this chapter exceed the amount of the application, registration, and other fees collected as herein provided.
(d) Any surplus funds at the end of the fiscal year may be retained by the board for future expenditures, and the board shall not be required to pay any surplus into the General Revenue Fund Account of the State Apportionment Fund.
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