§ 21-2-808 — Billing certification - Payment and deposit

(a) Beginning on and after July 1, 2024, the Arkansas Cyber Response Board, with the assistance of the Insurance Commissioner, shall prepare a billing certification to be remitted to the: (1) Department of Finance and Administration; and (2) Chief Fiscal Officer of the State. (b) (1) Upon receipt of the billing certification, the Secretary of the Department of Finance and Administration shall pay the billing certification from funds specifically appropriated for the billing certification by the General Assembly or from other funds available to pay for the billing certification. (2) Funds appropriated for premiums for Arkansas Self-Funded Cyber Response Program coverage, or funds otherwise made available for this purpose, shall not be subject to reduction as a result of any shortfall of projected revenues. (c) Upon receipt of the billing certification under this section, the Chief Fiscal Officer of the State shall pay the billing certification from funds withheld from the: (1) County Aid Fund that are due each county participating in the program for premiums for county public officials and public employees; (2) Municipal Aid Fund that are due each municipality participating in the program for premiums for municipal public officials and public employees; and (3) Public School Fund that are due each school district participating in the program for premiums for school district officials and school district employees. (d) Upon receipt of the funds under this section, the commissioner shall deposit the funds into the Arkansas Self-Funded Cyber Response Program Trust Fund.

Legislative History

Added by Act 2023, No. 846,§ 2, eff. 8/1/2023.