Arkansas § 19-4-1207 Duty to monitor finances

Arkansas Statutes

§ 19-4-1207 — Duty to monitor finances

It shall be the duty and responsibility of the head of the agency for which appropriations are authorized and of the agency's disbursing officer to:

(1)Be cognizant at all times of the resources available, including applicable fund balances, revenues, and other income, for financing the appropriations authorized by the General Assembly;

(2)See that no obligations shall be incurred which cannot be lawfully discharged from funds appropriated or available from other sources when they become due and payable; and (3) Not operate the agency during any fiscal year from the then-current fiscal year's available resources at a level of operations that would require for the succeeding fiscal year funds in addition to those already authorized by the General Assembly.

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

It shall be the duty and responsibility of the head of the agency for which appropriations are authorized and of the agency's disbursing officer to: (1) Be cognizant at all times of the resources available, including applicable fund balances, revenues, and other income, for financing the appropriations authorized by the General Assembly; (2) See that no obligations shall be incurred which cannot be lawfully discharged from funds appropriated or available from other sources when they become due and payable; and (3) Not operate the agency during any fiscal year from the then-current fiscal year's available resources at a level of operations that would require for the succeeding fiscal year funds in addition to those already authorized by the General Assembly.

Arkansas § 19-4-1207 (Duty to monitor finances) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.