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17-52-313. Disposition of funds.
Arkansas Code — all titles (historical 2020) · legal_authorities
17-52-313. Disposition of funds.
(a)(1) The Secretary of the Arkansas Home Inspector Registration Board shall receive, disburse, and account for all income paid to or received by the Arkansas Home Inspector Registration Board.
(2) The Secretary of the Arkansas Home Inspector Registration Board shall institute a system of books and financial records satisfactory to the Secretary of the Department of Finance and Administration.
(3)(A) All fees collected on behalf of the board and all receipts of every kind and nature shall be paid into the State Treasury and shall be credited to the Arkansas Home Inspectors Registration Fund.
(B) The Arkansas Home Inspectors Registration Fund shall be for the general uses of the board, and out of it shall be paid all salaries and all other expenses necessarily incurred in carrying into effect the provisions of this subchapter.
(C) Expenditures from the Arkansas Home Inspectors Registration Fund shall be substantiated by vouchers and itemized statements at the end of each fiscal year or at any other time when demand is made by the Department of Finance and Administration.
(4) The Secretary of the Arkansas Home Inspector Registration Board shall deposit all funds of the board that he or she receives with the State Treasury 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 subchapter shall be paid over to the board to be used by it in the same manner as funds received for the issuance of registration.
(c) The total amount of warrants issued by the board or Auditor of State in payment of the expenses and compensation provided in this subchapter shall not exceed the amount of the application, registration, and ot
Source: Arkansas Code — historical release 78 (November 6, 2020) · 17-52-313
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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Stable record: arkansas_code:legal_authorities:17-52-313
Source file: gov.ar.code.title.17.odt
Pages: Not recorded – Not recorded
Passage SHA-256: b36615df584ef6b8052af95fd152c0d75a910ef1ee9e277a2e74bdf6d4a91288
Source location: content.xml paragraph 18490
Stored source content
17-52-313. Disposition of funds.
(a)(1) The Secretary of the Arkansas Home Inspector Registration Board shall receive, disburse, and account for all income paid to or received by the Arkansas Home Inspector Registration Board.
(2) The Secretary of the Arkansas Home Inspector Registration Board shall institute a system of books and financial records satisfactory to the Secretary of the Department of Finance and Administration.
(3)(A) All fees collected on behalf of the board and all receipts of every kind and nature shall be paid into the State Treasury and shall be credited to the Arkansas Home Inspectors Registration Fund.
(B) The Arkansas Home Inspectors Registration Fund shall be for the general uses of the board, and out of it shall be paid all salaries and all other expenses necessarily incurred in carrying into effect the provisions of this subchapter.
(C) Expenditures from the Arkansas Home Inspectors Registration Fund shall be substantiated by vouchers and itemized statements at the end of each fiscal year or at any other time when demand is made by the Department of Finance and Administration.
(4) The Secretary of the Arkansas Home Inspector Registration Board shall deposit all funds of the board that he or she receives with the State Treasury 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 subchapter shall be paid over to the board to be used by it in the same manner as funds received for the issuance of registration.
(c) The total amount of warrants issued by the board or Auditor of State in payment of the expenses and compensation provided in this subchapter shall not exceed the amount of the application, registration, and other fees collected.
(d)(1) Any surplus funds at the end of the fiscal year may be retained by the board for future expenditures.
(2) 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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