Browse Arkansas Code titles and sections
19-3-512. Estimate and investment of funds not needed for immediate cash requirements.
Arkansas Code — all titles (historical 2020) · legal_authorities
19-3-512. Estimate and investment of funds not needed for immediate cash requirements.
(a)(1) No less than quarterly, the State Board of Finance in conjunction with the Chief Fiscal Officer of the State shall determine the amount of funds from the State Treasury available for deposit by the Treasurer of State into the State Treasury Certificate of Deposit Investment Program.
(2) The board shall direct the investment of all moneys that exceed the cash requirements needed to satisfy outstanding warrants and other liquid obligations for the succeeding quarter.
(b)(1) At least ten (10) days before making the determination required by subsection (a) of this section and after reviewing current holdings in the State Treasury and all available revenue forecasts, appropriations, expenditure budgets, year-to-date expenditure reports, prior year expenditure trends, and any other pertinent information, the Chief Fiscal Officer of the State shall advise the board of the estimated amount of cash reserves expected to be needed by the Treasurer of State to purchase warrants in the next fiscal quarter.
(2) The board shall direct the Treasurer of State:
(A) To purchase warrants in the next fiscal quarter; and
(B) In the type and amount for deposit and investment of all holdings exceeding cash reserves for warrant purposes.
(c) The Treasurer of State, acting ministerially, may do all things necessary to accomplish the purposes and intent of this section.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 19-3-512
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:19-3-512
Source file: gov.ar.code.title.19.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 86ec95c22351fec11870503dccf5ec70038b499454b81c6aa9a4c4615d9be32f
Source location: content.xml paragraph 1232
Stored source content
19-3-512. Estimate and investment of funds not needed for immediate cash requirements.
(a)(1) No less than quarterly, the State Board of Finance in conjunction with the Chief Fiscal Officer of the State shall determine the amount of funds from the State Treasury available for deposit by the Treasurer of State into the State Treasury Certificate of Deposit Investment Program.
(2) The board shall direct the investment of all moneys that exceed the cash requirements needed to satisfy outstanding warrants and other liquid obligations for the succeeding quarter.
(b)(1) At least ten (10) days before making the determination required by subsection (a) of this section and after reviewing current holdings in the State Treasury and all available revenue forecasts, appropriations, expenditure budgets, year-to-date expenditure reports, prior year expenditure trends, and any other pertinent information, the Chief Fiscal Officer of the State shall advise the board of the estimated amount of cash reserves expected to be needed by the Treasurer of State to purchase warrants in the next fiscal quarter.
(2) The board shall direct the Treasurer of State:
(A) To purchase warrants in the next fiscal quarter; and
(B) In the type and amount for deposit and investment of all holdings exceeding cash reserves for warrant purposes.
(c) The Treasurer of State, acting ministerially, may do all things necessary to accomplish the purposes and intent of this section.
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.