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19-3-705. Employees — Qualifications, ethical standards, and background checks.
Arkansas Code — all titles (historical 2020) · legal_authorities
19-3-705. Employees — Qualifications, ethical standards, and background checks.
(a) An employee of the State Board of Finance or Treasurer of State listed in § 19-3-704(b) or § 19-3-704(c) or who handles State Treasury funds or participates in decisions or making recommendations concerning the deposit or investment of State Treasury funds:
(1) Shall meet minimum standards of expertise and experience established by the board;
(2) Shall not have a direct financial interest in a bank depository, investment depository, or securities broker; and
(3) Shall file on or before January 31 with the board for the preceding calendar year the written statement of financial interest required by § 21-8-701(d).
(b)(1)(A) The board shall obtain a state and federal criminal background check to be conducted by the Identification Bureau of the Department of Arkansas State Police and the Federal Bureau of Investigation for:
(i) Each employee listed in § 19-3-704(b) or § 19-3-704(c); and
(ii) An employee or prospective employee of the board or Treasurer of State who handles or will handle State Treasury funds or participates or will participate in making decisions or recommendations concerning the deposit or investment of State Treasury funds.
(B) The background check shall be obtained on or before:
(i) September 1, 2013, for an existing employee; and
(ii) The start of employment for a prospective employee.
(2) The state and federal criminal background check shall conform to the applicable federal standards and shall include the taking of fingerprints.
(3) The employee or prospective employee shall sign a consent to the release of information for the state and federal criminal background check.
(4) The Treasurer of State shall be responsible for the payment of any f
Source: Arkansas Code — historical release 78 (November 6, 2020) · 19-3-705
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:19-3-705
Source file: gov.ar.code.title.19.odt
Pages: Not recorded – Not recorded
Passage SHA-256: bc3cb5db13e596bf2df8b72d1547dabcc05a15cb4c84c9dcb90d563944ce1a63
Source location: content.xml paragraph 1636
Stored source content
19-3-705. Employees — Qualifications, ethical standards, and background checks.
(a) An employee of the State Board of Finance or Treasurer of State listed in § 19-3-704(b) or § 19-3-704(c) or who handles State Treasury funds or participates in decisions or making recommendations concerning the deposit or investment of State Treasury funds:
(1) Shall meet minimum standards of expertise and experience established by the board;
(2) Shall not have a direct financial interest in a bank depository, investment depository, or securities broker; and
(3) Shall file on or before January 31 with the board for the preceding calendar year the written statement of financial interest required by § 21-8-701(d).
(b)(1)(A) The board shall obtain a state and federal criminal background check to be conducted by the Identification Bureau of the Department of Arkansas State Police and the Federal Bureau of Investigation for:
(i) Each employee listed in § 19-3-704(b) or § 19-3-704(c); and
(ii) An employee or prospective employee of the board or Treasurer of State who handles or will handle State Treasury funds or participates or will participate in making decisions or recommendations concerning the deposit or investment of State Treasury funds.
(B) The background check shall be obtained on or before:
(i) September 1, 2013, for an existing employee; and
(ii) The start of employment for a prospective employee.
(2) The state and federal criminal background check shall conform to the applicable federal standards and shall include the taking of fingerprints.
(3) The employee or prospective employee shall sign a consent to the release of information for the state and federal criminal background check.
(4) The Treasurer of State shall be responsible for the payment of any fee associated with the state and federal criminal background check.
(5) Upon completion of the state and federal criminal background check, the Identification Bureau of the Department of Arkansas State Police shall forward to the Chief Fiscal Officer of the State for review by the board all releasable information obtained concerning the employee or prospective employee.
(c) The board or Treasurer of State shall not employ an individual who has:
(1) Been convicted of a felony or a gambling offense in a state or federal court of the United States;
(2) Been convicted of a crime involving moral turpitude;
(3) Entered into a plea agreement to avoid felony prosecution;
(4) Been or is currently subject to an administrative order by the State Bank Department or State Securities Department;
(5) Failed without justification to file the statement of financial interest required by this section; or
(6) A conflict of interest that violates the board's policy established under § 19-3-704.
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Arkansas Code — all titles (historical 2020) · legal_authorities
19-3-704. Powers and duties.
(a) In addition to any other function, power, or duty imposed by law, the State Board of Finance shall establish, maintain, and enforce all policies and procedures concerning the management and investment of funds in the State Treasury and the State Treasury Money Management Trust, including without limitation:
(1) Record keeping and reporting requirements that reflect:
(A) Daily, monthly, and year-to-date balances of all funds, accounts, and groups of accounts within the State Treasury; and
(B) The performance of all deposits and investments compared to the target rate of return established by the board;
(2) A collateralization policy;
(3) Eligibility requirements for a bank depository, an investment depository, a securities broker, and, before accepting an application to hire an investment consultant under subsection (c) of this section, an investment consultant;
(4) An investment policy;
(5) Liquidity requirements for the State Treasury; and
(6) Qualifications, ethical standards, a conflict of interest policy, and criminal background check requirements that are no less stringent than the requirements of § 19-3-705 for all employees of the board or Treasurer of State who handle State Treasury funds or participate in decisions concerning the deposit or investment of State Treasury funds.
(b)(1) The board shall select the chief compliance officer within the Treasurer of State's office based upon nominations received from the Treasurer of State.
(2) The chief compliance officer shall:
(A) Be employed by the board;
(B) Work with and at the direction of the Treasurer of State consistent with the policies and directives of the board; and
(C) Serve at the pleasure of the board.
(c) The board may hire an investment co
Source: Arkansas Code — historical release 78 (November 6, 2020) · 19-3-704
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 19-3-704. This identifies an authority to review, not proof of applicability.
Arkansas Code — all titles (historical 2020) · legal_authorities
21-8-701. Persons required to file — Exceptions — Contents.
(a) The following persons shall file a written statement of financial interest:
(1) A public official, as defined in § 21-8-402(17);
(2) A candidate for elective office;
(3) A district judge or city attorney, whether elected or appointed;
(4) An agency head, department director, or division director of state government or a chief of staff or chief deputy of a constitutional officer, the Senate, or the House of Representatives;
(5)(A) A public appointee to a state board or commission that is authorized or charged by law with the exercise of regulatory authority or is authorized to receive or disburse state or federal funds.
(B) A public appointee to a state board or commission that is not charged by law with the exercise of regulatory authority and that receives or disburses state or federal funds only in the form of mileage reimbursement for members attending meetings of the board or commission shall not be required to file a written statement of financial interest;
(6) A person who is an elected member of a school board or who is a candidate for a position on a school board;
(7) A public or charter school superintendent;
(8) An executive director of an education service cooperative;
(9) A person appointed to one (1) of the following types of regional, municipal, or county boards or commissions:
(A) A planning board or commission;
(B) An airport board or commission;
(C) A water or sewer board or commission;
(D) A utility board or commission; or
(E) A civil service commission;
(10) A member of an advertising and promotion commission; and
(11) A member of a research park authority board under § 14-144-201 et seq.
(b) A member of a levee district or a levee and drainage distri
Source: Arkansas Code — historical release 78 (November 6, 2020) · 21-8-701
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 21-8-701. This identifies an authority to review, not proof of applicability.