Browse Arkansas Code titles and sections
19-5-1151. University of Arkansas for Medical Sciences National Cancer Institute Designation Trust Fund — Report.
Arkansas Code — all titles (historical 2020) · legal_authorities
19-5-1151. University of Arkansas for Medical Sciences National Cancer Institute Designation Trust Fund — Report.
(a) There is created 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 “University of Arkansas for Medical Sciences National Cancer Institute Designation Trust Fund”.
(b) The fund shall consist of:
(1) Moneys obtained from private grants or other sources that are designated to be credited to the fund; and
(2) Any other funds authorized or provided by law.
(c) The fund shall be used by the Winthrop P. Rockefeller Cancer Institute at the University of Arkansas for Medical Sciences solely to achieve and maintain status as a National Cancer Institute-Designated Cancer Center.
(d) The Treasurer of State shall invest the moneys available in the fund.
(e)(1) The investment of funds under this section is exempt from § 19-3-518(a)(2)(B)(i)(b) and (c) .
(2) Moneys in the fund may be invested in any instrument:
(A) Listed in § 19-3-518(b)(1)(B); and
(B) Approved by the guidelines established by the State Treasury investment policy approved by the State Board of Finance.
(f) Moneys remaining in the fund at the end of each fiscal year shall carry forward and be made available for the purposes stated in this section in the next fiscal year.
(g)(1) The Winthrop P. Rockefeller Cancer Institute at the University of Arkansas for Medical Sciences shall submit a semiannual report containing the following information to the Governor; the Legislative Council or, if the General Assembly is in session, the Joint Budget Committee; the Senate Committee on Public Health, Welfare, and Labor; and the House Committee on Public Health, Welfare, and Labor:
(A) The balance of the
Source: Arkansas Code — historical release 78 (November 6, 2020) · 19-5-1151
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:19-5-1151
Source file: gov.ar.code.title.19.odt
Pages: Not recorded – Not recorded
Passage SHA-256: efe53b2af62db311fdd358778d8678f50650fbe79ccbcf43fff3b3b73de23962
Source location: content.xml paragraph 9183
Stored source content
19-5-1151. University of Arkansas for Medical Sciences National Cancer Institute Designation Trust Fund — Report.
(a) There is created 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 “University of Arkansas for Medical Sciences National Cancer Institute Designation Trust Fund”.
(b) The fund shall consist of:
(1) Moneys obtained from private grants or other sources that are designated to be credited to the fund; and
(2) Any other funds authorized or provided by law.
(c) The fund shall be used by the Winthrop P. Rockefeller Cancer Institute at the University of Arkansas for Medical Sciences solely to achieve and maintain status as a National Cancer Institute-Designated Cancer Center.
(d) The Treasurer of State shall invest the moneys available in the fund.
(e)(1) The investment of funds under this section is exempt from § 19-3-518(a)(2)(B)(i)(b) and (c) .
(2) Moneys in the fund may be invested in any instrument:
(A) Listed in § 19-3-518(b)(1)(B); and
(B) Approved by the guidelines established by the State Treasury investment policy approved by the State Board of Finance.
(f) Moneys remaining in the fund at the end of each fiscal year shall carry forward and be made available for the purposes stated in this section in the next fiscal year.
(g)(1) The Winthrop P. Rockefeller Cancer Institute at the University of Arkansas for Medical Sciences shall submit a semiannual report containing the following information to the Governor; the Legislative Council or, if the General Assembly is in session, the Joint Budget Committee; the Senate Committee on Public Health, Welfare, and Labor; and the House Committee on Public Health, Welfare, and Labor:
(A) The balance of the fund as of the reporting date;
(B) A list of the administrative costs paid for from the fund, including without limitation salaries, pensions, and packages;
(C) The total revenue received by the fund during the reporting period; and
(D) A detailed description of the steps taken and the progress made toward achieving status as a National Cancer Institute-Designated Cancer Center during the reporting period.
(2) The semiannual report required under this subsection shall be submitted by January 1 and July 1 of each year.
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Arkansas Code — all titles (historical 2020) · legal_authorities
19-3-518. Investments in securities and bank certificates of deposit.
(a)(1) Trust fund accounts in the State Treasury may be invested in:
(A) Certificates of deposit of banks and savings and loan associations; and
(B) Securities eligible under other law.
(2)(A) The administrator of a trust fund account shall review, from time to time, the flow of moneys through the trust fund account in the State Treasury to determine the estimated surplus moneys in the trust fund account that exceed the immediate requirements of the trust fund account.
(B)(i)(a) After taking into consideration the amount of the estimated surplus moneys under subdivision (a)(2)(A) of this section, the administrator shall certify to the Treasurer of State the amount of surplus moneys and the period of time during which the surplus moneys are not required.
(b) The Treasurer of State shall invest the amount certified in certificates of deposit issued by eligible banks and savings and loan associations.
(c) If the Treasurer of State is unable to place the certified amount in certificates of deposit, then the remainder may be placed in securities with the administrator's approval.
(ii)(a) Moneys required for a purchase under this subdivision (a)(2)(B) shall be withdrawn from the Cash Account and paid to the bank depository issuing the certificate of deposit or the investment depository selling the securities.
(b)(1) The principal amount of the certificate of deposit shall be debited to the Trust Deposit Account.
(2) The principal amount of a security shall be debited to the Trust Investment Account.
(iii) The certificates of deposit shall be secured by the Treasurer of State in accordance with the collateralization and investment policies of the State Board of Finance.
(iv)(a) Intere
Source: Arkansas Code — historical release 78 (November 6, 2020) · 19-3-518
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 19-3-518. This identifies an authority to review, not proof of applicability.