Arkansas § 19-3-515 Charges on deposits

Arkansas Statutes

§ 19-3-515 — Charges on deposits

Arkansas § 19-3-515

Title19

This text of Arkansas § 19-3-515 (Charges on 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. § 19-3-515 (2026).

Text

(a)(1) The Treasurer of State, acting ministerially, may contract with a bank depository or investment depository to pay processing fees for handling funds of the State Treasury if it is deemed to be in the best interest of the State of Arkansas.

(2)The processing fees shall be paid by state warrant from appropriations to the Treasurer of State.

(b)Unless authorized by its contract with the Treasurer of State, a bank depository or investment depository shall not make any charge for handling funds of the State Treasury.

(c)A bank depository or investment depository shall not use compensating deposit balances to offset processing fees.

(d)A claim for a charge or processing fee in violation of this section is void.

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

(a) (1) The Treasurer of State, acting ministerially, may contract with a bank depository or investment depository to pay processing fees for handling funds of the State Treasury if it is deemed to be in the best interest of the State of Arkansas. (2) The processing fees shall be paid by state warrant from appropriations to the Treasurer of State. (b) Unless authorized by its contract with the Treasurer of State, a bank depository or investment depository shall not make any charge for handling funds of the State Treasury. (c) A bank depository or investment depository shall not use compensating deposit balances to offset processing fees. (d) A claim for a charge or processing fee in violation of this section is void.