(a) Subject to the conditions and limitations provided in §§ 19-3-508 — 19-3-517, a bank or savings and loan association may be designated as a bank depository.
(b)
(1) A bank or savings and loan association is not required to act as a bank depository.
(2) However, the acceptance of a deposit of State Treasury funds requires a bank depository to observe §§ 19-3-508 — 19-3-517.
Structure Arkansas Code
Chapter 3 - State Treasury Management
Subchapter 5 - State Treasury Management Law
§ 19-3-503. State Treasury accounts
§ 19-3-504. Record and report of financial transactions
§ 19-3-505. Disposition of moneys received by Treasurer of State
§ 19-3-506. Custodian of moneys and securities — Internal controls — Annual audit
§ 19-3-507. Bank depositories generally
§ 19-3-508. Deposits in ineligible institutions
§ 19-3-509. Maximum amount of deposits and investments — Protection of State Treasury funds
§ 19-3-510. Types of accounts for deposits
§ 19-3-511. Term of deposit — Interest
§ 19-3-512. Estimate and investment of funds not needed for immediate cash requirements
§ 19-3-513. Interest income on deposits
§ 19-3-515. Charges on deposits
§ 19-3-516. Discontinuance as bank depository
§ 19-3-517. Effect of proper deposits
§ 19-3-518. Investments in securities and bank certificates of deposit
§ 19-3-519. State Treasury Certificate of Deposit Investment Program — Definitions
§ 19-3-520. Minimum balance to be maintained
§ 19-3-521. Securities Reserve Fund