Arkansas § 19-1-212 Duty to avoid deficit

Arkansas Statutes

§ 19-1-212 — Duty to avoid deficit

Arkansas § 19-1-212

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This text of Arkansas § 19-1-212 (Duty to avoid deficit) is published on Counsel Stack Legal Research, covering Arkansas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ark. Code Ann. § 19-1-212 (2026).

Text

It shall be the duty and responsibility of the Secretary of the Department of Finance and Administration to:

(1)Keep advised at all times as to the revenues and other income available for the operation, maintenance, and improvement of all state agencies;

(2)Exercise the powers conferred upon him or her by law to see that the state and all state agencies are maintained on a basis of accounting recommended by the Governmental Accounting Standards Board for governmental purposes;

(3)See that no obligation shall be incurred which shall not be payable when the obligation shall become due; and (4) Exercise his or her powers to see that the funds on hand and estimated to become available to each state agency shall be sufficient to maintain the state and all of its agencies on a sound financial

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It shall be the duty and responsibility of the Secretary of the Department of Finance and Administration to: (1) Keep advised at all times as to the revenues and other income available for the operation, maintenance, and improvement of all state agencies; (2) Exercise the powers conferred upon him or her by law to see that the state and all state agencies are maintained on a basis of accounting recommended by the Governmental Accounting Standards Board for governmental purposes; (3) See that no obligation shall be incurred which shall not be payable when the obligation shall become due; and (4) Exercise his or her powers to see that the funds on hand and estimated to become available to each state agency shall be sufficient to maintain the state and all of its agencies on a sound financial basis without incurring a deficit.