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19-5-1119. Targeted State Needs Program Account.

Arkansas Code — all titles (historical 2020) · legal_authorities

19-5-1119. Targeted State Needs Program Account.

19-5-1119. Targeted State Needs Program Account. (a) There is established on the books of the Treasurer of State, the Auditor of State, and the Chief Fiscal Officer of the State a fund to be known as the “Targeted State Needs Program Account”. (b)(1) The Targeted State Needs Program Account shall consist of those moneys transferred from the Tobacco Settlement Program Fund as provided in § 19-12-108 and interest earnings. (2) The Targeted State Needs Program Account shall be used for those purposes set out in § 19-12-110.

Source: Arkansas Code — historical release 78 (November 6, 2020) · 19-5-1119

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:19-5-1119
Source file: gov.ar.code.title.19.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 860079e6a2686ebb3f7418ea13366b5b805f8eac06b1863cf1d3c748b4295542

Source location: content.xml paragraph 8755

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Arkansas Code — all titles (historical 2020) · legal_authorities

19-12-108. Creation and administration of the Tobacco Settlement Program Fund.

19-12-108. Creation and administration of the Tobacco Settlement Program Fund. (a) There is hereby created and established on the books of the Treasurer of State, the Auditor of State, and the Chief Fiscal Officer of the State a trust fund to be known as the “Tobacco Settlement Program Fund”, which fund shall be administered by the State Board of Finance. All moneys deposited into the Tobacco Settlement Program Fund are hereby restricted in their use and to be used solely as provided in this chapter. All expenditures and obligations that are payable from the Tobacco Settlement Program Fund and from each of the program accounts shall be subject to the same fiscal control, accounting, budgetary, and purchasing laws as are expenditures and obligations payable from other State Treasury funds, except as specified otherwise in this chapter. The Chief Fiscal Officer of the State may require additional controls, procedures, and reporting requirements that he or she determines are necessary to carry out the intent of this chapter. (b) There shall be transferred from the Tobacco Settlement Cash Holding Fund to the Tobacco Settlement Program Fund the amounts set forth for such transfer as provided in § 19-12-104. (c) Amounts deposited into the Tobacco Settlement Program Fund shall, prior to the distribution to the program accounts set forth in § 19-12-108(d)(1), be held and invested in investments pursuant to and in compliance with § 19-12-103(c); provided, that all such investments must mature or be redeemable without penalty on or prior to the next-succeeding June 30. (d)(1) On each July 1, the amounts deposited into the Tobacco Settlement Program Fund, excluding investment earnings, shall be transferred to the various program accounts as follows: (A) Fifteen and eight

Source: Arkansas Code — historical release 78 (November 6, 2020) · 19-12-108

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 19-12-108. This identifies an authority to review, not proof of applicability.

Arkansas Code — all titles (historical 2020) · legal_authorities

19-12-110. Creation of the Targeted State Needs Program Account.

19-12-110. Creation of the Targeted State Needs Program Account. (a) There is hereby created a trust fund on the books of the Treasurer of State, the Auditor of State, and the Chief Fiscal Officer of the State, within the Tobacco Settlement Program Fund maintained by the State Board of Finance, an account to be known as the “Targeted State Needs Program Account”. Such account shall be used for such purposes and in such amounts as may be appropriated by law. (b) On each July 1, there shall be transferred from the fund to the account the amount specified in § 19-12-108(d)(1)(A). (c) All moneys deposited into the account except for investment earnings shall be used for the purposes set forth in § 19-12-114, or such other purposes as may be appropriated in law. Of the amounts deposited into the account, the following proportions shall be used to fund the programs established in § 19-12-114: (1) College of Public Health of the University of Arkansas for Medical Sciences — thirty-three per cent (33%); (2) Area Health Education Center located in Helena — twenty-two per cent (22%); (3) Donald W. Reynolds Center on Aging — twenty-two per cent (22%); and (4) Minority Health Initiative, administered by the Minority Health Commission — twenty-three per cent (23%). (d) Moneys remaining in the account at the end of the first fiscal year of a biennium shall be carried forward and used for the purposes provided by law. Such amounts that remain at the end of a biennium shall be transferred to the Tobacco Settlement Program Fund pursuant to § 19-12-108(e).

Source: Arkansas Code — historical release 78 (November 6, 2020) · 19-12-110

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. The source passage cites 19-12-110. This identifies an authority to review, not proof of applicability.