The deposit of State Treasury funds in accordance with §§ 19-3-507 — 19-3-516 relieves the Treasurer of State and the surety on the Treasurer of State's bond of liability for the loss of the funds by reason of the default or insolvency of a bank depository.
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