Upon completion of each contract awarded for the fulfillment of a project authorized by the General Assembly:
(1) The affected state agency shall notify the Department of Finance and Administration of the culmination of the contract;
(2) No further expenditures or obligations will be incurred; and
(3) The unexpended and unobligated funds shall be impounded.
Structure Arkansas Code
Chapter 4 - State Accounting and Budgetary Procedures
Subchapter 14 - Construction of Buildings and Facilities
§ 19-4-1402. Contracts to be filed
§ 19-4-1403. Agencies exempted
§ 19-4-1405. Bidding procedure — Definition
§ 19-4-1407. Method of financing
§ 19-4-1409. Use of other funds
§ 19-4-1410. Completion of contracts
§ 19-4-1411. Processing of payments
§ 19-4-1413. Projects constructed with private funds