{"data":{"id":"us-ar/ark.-code-ann.-14-362-124","jurisdiction":"us-ar","citation":"Ark. Code Ann. § 14-362-124","heading":"Accounts and reports","body":"(a) (1) All funds received by an authority shall be deposited in such banks as the authority may direct and shall be withdrawn therefrom in such manner as the authority may direct. (2) (A) Each authority shall keep strict account of all of its receipts and expenditures and each quarter shall make a report to the counties and municipalities which have made contributions. (B) (i) The report shall contain an itemized account of its receipts and disbursements during the preceding quarter. (ii) The report shall be made within sixty (60) days after the termination of the quarter. (b) (1) (A) Within one hundred fifty (150) days after the end of each fiscal year, each authority shall cause an annual audit to be made by an independent certified public accountant and shall file a copy of the resulting audit report with each of the governing bodies participating in the authority. (B) This audit shall contain an itemized statement of its receipts and disbursements for the preceding year. (2) The books, records, and accounts of each authority shall be subject to audit and examination by any proper public official or body in the manner provided by law. (c) The agreement provided for in § 14-362-103 may also provide for each authority to furnish the participating governing bodies copies of its annual budget for examination and approval. Acts 1968 (1st Ex. Sess.), No. 17, § 16; A.S.A. 1947, § 74-231; Acts 1999, No. 1349, § 3; 2001, No. 772, § 2.\n\n(a) (1) All funds received by an authority shall be deposited in such banks as the authority may direct and shall be withdrawn therefrom in such manner as the authority may direct. (2) (A) Each authority shall keep strict account of all of its receipts and expenditures and each quarter shall make a report to the counties and municipalities which have made contributions. (B) (i) The report shall contain an itemized account of its receipts and disbursements during the preceding quarter. (ii) The report shall be made within sixty (60) days after the termination of the quarter.\n\n(1) All funds received by an authority shall be deposited in such banks as the authority may direct and shall be withdrawn therefrom in such manner as the authority may direct.\n\n(2) (A) Each authority shall keep strict account of all of its receipts and expenditures and each quarter shall make a report to the counties and municipalities which have made contributions. (B) (i) The report shall contain an itemized account of its receipts and disbursements during the preceding quarter. (ii) The report shall be made within sixty (60) days after the termination of the quarter.\n\n(A) Each authority shall keep strict account of all of its receipts and expenditures and each quarter shall make a report to the counties and municipalities which have made contributions.\n\n(B) (i) The report shall contain an itemized account of its receipts and disbursements during the preceding quarter. (ii) The report shall be made within sixty (60) days after the termination of the quarter.\n\n(i) The report shall contain an itemized account of its receipts and disbursements during the preceding quarter.\n\n(ii) The report shall be made within sixty (60) days after the termination of the quarter.\neport shall contain an itemized account of its receipts and disbursements during the preceding quarter. (ii) The report shall be made within sixty (60) days after the termination of the quarter.\n\n(i) The report shall contain an itemized account of its receipts and disbursements during the preceding quarter.\n\n(ii) The report shall be made within sixty (60) days after the termination of the quarter.\n\n(b) (1) (A) Within one hundred fifty (150) days after the end of each fiscal year, each authority shall cause an annual audit to be made by an independent certified public accountant and shall file a copy of the resulting audit report with each of the governing bodies participating in the authority. (B) This audit shall contain an itemized statement of its receipts and disbursements for the preceding year. (2) The books, records, and accounts of each authority shall be subject to audit and examination by any proper public official or body in the manner provided by law.\n\n(1) (A) Within one hundred fifty (150) days after the end of each fiscal year, each authority shall cause an annual audit to be made by an independent certified public accountant and shall file a copy of the resulting audit report with each of the governing bodies participating in the authority. (B) This audit shall contain an itemized statement of its receipts and disbursements for the preceding year.\n\n(A) Within one hundred fifty (150) days after the end of each fiscal year, each authority shall cause an annual audit to be made by an independent certified public accountant and shall file a copy of the resulting audit report with each of the governing bodies participating in the authority.\n\n(B) This audit shall contain an itemized statement of its receipts and disbursements for the preceding year.\n\n(2) The books, records, and accounts of each authority shall be subject to audit and examination by any proper public official or body in the manner provided by law.\n\n(c) The agreement provided for in § 14-362-103 may also provide for each authority to furnish the participating governing bodies copies of its annual budget for examination and approval.","path":["AR Code","Title 14","Chapter 362","Subchapter 1"],"source_url":"https://oss-data-us.vaquill.ai/v2026.08/us_ar_statutes.parquet","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-17","retrieved_at":"2026-09-17T21:35:43Z","sha256":"3c3789542855189592c08516018e4d7106be57b004969b0e4c30ca68cdc07f6f","source_id":"us-ar","stale":false,"prev":"us-ar/ark.-code-ann.-14-362-123","next":"us-ar/ark.-code-ann.-14-362-125","notices":[{"id":"open-us-law","title":"Open US Law compilation","text":"Compilation CC BY 4.0, Open US Law (Vaquill AI). GroundRules uses only the releases published under CC BY 4.0: from v2026.09 the compilation is licensed CC BY-NC 4.0, and GroundRules does not use those releases. Each affected row names its release in its vintage label. GroundRules parsed and filtered the compilation to retain enacted text.","url":"https://huggingface.co/datasets/vaquill/open-us-law","license_url":"https://creativecommons.org/licenses/by/4.0/"},{"id":"pro-ar","title":"Arkansas Release 78 supplement","text":"Arkansas electronic product files were republished by Public.Resource.Org under a public-domain mark. GroundRules uses enacted text from Release 78 only as a labeled supplement to the newer Open US Law rows.","url":"https://archive.org/details/gov.ar.code"}]},"notice":"GroundRules: Original legal text. Not legal advice."}