(a) The Chief Fiscal Officer of the State may require, from time to time as he or she shall deem necessary, a statement from any state agency setting out the prospective funds which are estimated to become available and a statement of the outstanding obligations and of the proposed expenditures of that agency for the remainder of the fiscal period.
(b) If, in the Chief Fiscal Officer of the State's judgment, any agency has incurred or is about to incur a deficit, the Chief Fiscal Officer of the State shall call upon the agency to stop incurring obligations, under penalty of its disbursing bond.
Structure Arkansas Code
Chapter 4 - State Accounting and Budgetary Procedures
Subchapter 7 - Expenditures Generally
§ 19-4-701. Fiscal periods of state
§ 19-4-702. Time limits for presenting vouchers
§ 19-4-703. Redemption of warrants
§ 19-4-704. No obligations without appropriations
§ 19-4-705. Obligations limited to funds available
§ 19-4-706. Interest and carrying charges
§ 19-4-707. Obligations for improvements
§ 19-4-708. Depletion of agency funds
§ 19-4-709. Statement of financial condition