Bank accounts
Known as the Arkansas Municipal Accounting Law
The act spans §§ 14–14 (18 sections).
Acts 1973, No. 159, § 3; A.S.A. 1947, § 19-5303.
(1) All municipalities of this state receiving state aid in the form of either turnback of general revenues or highways revenues shall maintain all funds in depositories approved for such purposes by law.
(2) The municipalities shall maintain separate bank accounts for general funds and street funds.
(3) The accounts shall be maintained in the name of the municipality.
Current official text: Arkansas General Assembly. Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Arkansas statutes; confirm against the official source for the current text. Not legal advice.