Arkansas § 19-3-510 Types of accounts for deposits

Arkansas Statutes

§ 19-3-510 — Types of accounts for deposits

Arkansas § 19-3-510

Title19

This text of Arkansas § 19-3-510 (Types of accounts for deposits) 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. § 19-3-510 (2026).

Text

(a)(1) Funds from the State Treasury deposited into a bank depository or an investment depository shall be credited to accounts in the name of the Treasurer of State.

(2)Except as provided in § 19-3-512 , the Treasurer of State may establish accounts as demand deposit accounts, certificates of deposit, or other accounts.

(b)The certificate of deposit account in a bank depository or an investment depository shall consist of funds from the State Treasury deposited under the State Treasury Certificate of Deposit Investment Program and trust funds deposited for various trust funds.

(c)The demand deposit account in a bank depository or an investment depository shall consist of:

(1)All federal funds, as described in § 19-7-101 et seq.;

(2)Trust funds to the extent that the trust funds are

Free access — add to your briefcase to read the full text and ask questions with AI

(a) (1) Funds from the State Treasury deposited into a bank depository or an investment depository shall be credited to accounts in the name of the Treasurer of State. (2) Except as provided in § 19-3-512 , the Treasurer of State may establish accounts as demand deposit accounts, certificates of deposit, or other accounts. (b) The certificate of deposit account in a bank depository or an investment depository shall consist of funds from the State Treasury deposited under the State Treasury Certificate of Deposit Investment Program and trust funds deposited for various trust funds. (c) The demand deposit account in a bank depository or an investment depository shall consist of: (1) All federal funds, as described in § 19-7-101 et seq.; (2) Trust funds to the extent that the trust funds are not invested in securities and certificates of deposit; and (3) State funds to the extent that the state funds are not invested in securities. (d) Funds from the State Treasury shall not be deposited into a bank depository or an investment depository except under the terms of a written agreement entered into between the Treasurer of State and the bank depository or investment depository that complies with applicable state law and rules and federal law, rules, and regulations.