On a monthly basis, financial institutions shall furnish public entities with statements summarizing all transactions of the public entity. Unless the public entity and the financial institution have a written agreement to receive digital images or copies in compliance with the provisions of this subchapter, the financial institutions shall return all original canceled checks to the public entity along with the transaction summary or statement.
Structure Arkansas Code
Chapter 2 - State Revenues — Receipts and Expenditures Generally
Subchapter 5 - Canceled Checks
§ 19-2-503. Eligibility to accept public funds
§ 19-2-504. Transaction summaries
§ 19-2-505. Approval by Arkansas Legislative Audit
§ 19-2-506. Digital images or copies of documentation