Arkansas § 14-334-115 - Accounting for receipts and expenditures.
Full text of Arkansas Arkansas Code of 1987 Annotated § 14-334-115 — Accounting for receipts and expenditures., with citation guidance and answers to common questions.
§ 14-334-115. Accounting for receipts and expenditures.
All funds received by an authority shall be deposited in such banks as the authority may direct and shall be withdrawn therefrom in such manner as the authority may direct. Each authority shall keep a strict account of all its receipts and expenditures and shall, each quarter, make a quarterly report to the counties and municipalities which have made contributions. The report shall contain an itemized account of its receipts and disbursements during the preceding quarter. The report shall be made within sixty (60) days after the termination of the quarter. Within sixty (60) days after the end of each fiscal year, each authority shall cause an annual audit to be made by an independent certified public accountant. It shall file a copy of the resulting audit report, containing an itemized statement of its receipts and disbursements for the preceding year, with each of the governing bodies participating in the authority. 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. The agreement provided for in § 14-334-103 may also provide for each authority to furnish the participating governing bodies copies of its annual budget for examination and approval.
Source: official Arkansas text · Last verified 2026-08-27
Frequently Asked Questions About Arkansas § 14-334-115
What does Arkansas Code of 1987 Annotated § 14-334-115 cover?
Section 14-334-115 ("Accounting for receipts and expenditures.") is part of the Arkansas Code of 1987 Annotated, the codified statutory law of Arkansas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Arkansas § 14-334-115?
A common citation format is "Arkansas Code of 1987 Annotated § 14-334-115" (Arkansas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Arkansas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Arkansas official source linked on this page or consult a licensed Arkansas attorney.
How does Arkansas § 14-334-115 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Arkansas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Arkansas.