Arkansas § 6-1-704 Duties of Arkansas Financial Education Commission

Arkansas Statutes

§ 6-1-704 — Duties of Arkansas Financial Education Commission

Arkansas § 6-1-704

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This text of Arkansas § 6-1-704 (Duties of Arkansas Financial Education Commission) 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. § 6-1-704 (2026).

Text

The duties of the Arkansas Financial Education Commission include:

(1)Appointing as temporary director of the commission, a member of the Section 529 Plan Review Committee, as described in § 6-84-105 , and if necessary, appointing a new and independent director of the commission;

(2)Raising funds for financial literacy educational plans and programs, excluding a regulator who:

(A)Is a member of the board of directors of the commission; and (B) Shall not directly or indirectly participate in the commission's fundraising activities;

(3)(A) Managing and implementing financial literacy educational plans and programs.

(B)A financial literacy education plan or program described in subdivision (3)(A) of this section includes without limitation financial literacy educational programs for elem

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The duties of the Arkansas Financial Education Commission include: (1) Appointing as temporary director of the commission, a member of the Section 529 Plan Review Committee, as described in § 6-84-105 , and if necessary, appointing a new and independent director of the commission; (2) Raising funds for financial literacy educational plans and programs, excluding a regulator who: (A) Is a member of the board of directors of the commission; and (B) Shall not directly or indirectly participate in the commission's fundraising activities; (3) (A) Managing and implementing financial literacy educational plans and programs. (B) A financial literacy education plan or program described in subdivision (3)(A) of this section includes without limitation financial literacy educational programs for elementary and secondary school students; (4) Providing education in all aspects of financial matters; (5) Creating a website to make financial resources available to all Arkansans that covers a wide range of financial topics; (6) Creating and providing awards to individuals and organizations that help improve financial literacy throughout the state; and (7) (A) Working with other state agencies in providing financial literacy education and topics to schools in the state. (B) The topics shall include: (i) Earning a livable income; (ii) Balancing a checkbook and bank account; (iii) Use of credit cards and managing debt; (iv) Saving for postsecondary education; (v) Retirement and long-term financial planning; and (vi) Investing.