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6-81-203. Disbursing officer.
Arkansas Code — all titles (historical 2020) · legal_authorities
6-81-203. Disbursing officer.
(a) The Student Loan Guarantee Foundation of Arkansas shall designate a disbursing officer who shall administer the trust funds made available to the foundation under the provisions of this subchapter.
(b)(1) The disbursing officer shall file a surety bond of a corporate surety authorized to do business in this state with the Secretary of State and an executed counterpart thereof with the Auditor of State in such amount and form as may be provided by the Auditor of State and the Chief Fiscal Officer of the State conditioned upon the faithful administration and accounting of all funds received by the foundation in accordance with the provisions of this subchapter.
(2) The bond shall be renewed annually and proof of the renewal furnished to the Secretary of State and Auditor of State.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 6-81-203
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:6-81-203
Source file: gov.ar.code.title.06.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 40068f72471b4ee5d2dc9edd16d3b0aef4d28e7dd3815612b84262b8e55bf580
Source location: content.xml paragraph 42492
Stored source content
6-81-203. Disbursing officer.
(a) The Student Loan Guarantee Foundation of Arkansas shall designate a disbursing officer who shall administer the trust funds made available to the foundation under the provisions of this subchapter.
(b)(1) The disbursing officer shall file a surety bond of a corporate surety authorized to do business in this state with the Secretary of State and an executed counterpart thereof with the Auditor of State in such amount and form as may be provided by the Auditor of State and the Chief Fiscal Officer of the State conditioned upon the faithful administration and accounting of all funds received by the foundation in accordance with the provisions of this subchapter.
(2) The bond shall be renewed annually and proof of the renewal furnished to the Secretary of State and Auditor of State.
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