2015 Arkansas Code
Title 19 - Public Finance
Chapter 1 - General Provisions
Subchapter 6 - State Fiscal Management Responsibility Act
§ 19-1-602 - Intent and purpose.
(a) The General Assembly of the State of Arkansas has enacted various laws relating to the receipting, disbursing, depositing, and accounting for public funds, as well as laws relating to establishing salaries, and the purchasing of commodities by various state agencies. In addition, the Department of Finance and Administration or other appropriate agency has issued rules and regulations pertaining to the administration of these various laws.
(b) It is the intent of the General Assembly of the State of Arkansas that all state officers and employees comply with the provisions of these laws and regulations. Presently, most of these laws and regulations do not provide penalty provisions for violations thereof.
(c) It is the purpose of this subchapter to provide procedures and civil penalties regarding violations of the fiscal responsibility and management laws of the state.
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