Arkansas Administrative Code Agency 045 - Board of Finance
The Arkansas Administrative Code, Agency 045—Board of Finance, encompasses a series of rules that govern the management, investment, and collateralization of cash funds by state agencies. These rules are designed to ensure the prudent handling of public funds in compliance with Arkansas law.(regulations.justia.com)
Key Rules Under Agency 045
Rule 045.00.12-001 – Management of Cash Funds
This rule establishes guidelines for the management of cash funds deposited with banks or financial institutions by state agencies. It emphasizes the protection of principal, maximization of investment income, and minimization of non-interest earning balances. Agencies are encouraged to deposit funds in interest-earning accounts and obtain multiple bids from approved financial institutions to secure the best interest rates.
Rule 045.00.17-001 – Emergency Rule 2017-3 Investment Policy
This emergency rule outlines the investment policy for state funds, detailing the types of permissible investments, risk management strategies, and the roles of the State Treasurer and the Board of Finance in overseeing investment activities.
Rule 045.00.17-003 – Money Management Trust Policy and Procedures Manual
This manual provides procedures for the management of the State Treasury Money Management Trust, including guidelines for investment strategies, reporting requirements, and the responsibilities of involved parties.
Rule 045.00.18-003 – Investment Policy 2018-1
This policy updates the state's investment strategies, focusing on the selection of eligible investments, ethical considerations, and the establishment of internal controls to safeguard public funds.
Rule 045.00.18-004 – STMT Policy, State Treasury Money Management Trust Policy 2018-2
This policy further refines the management of the State Treasury Money Management Trust, including specific investment criteria and procedural updates.
Rule 045.00.19-001 – Rule 2019-2 Arkansas State Treasury Investment Policy
This rule provides comprehensive guidelines for the investment of treasury funds, detailing eligible investments, ethical standards, and reporting requirements. It also outlines the role of the State Board of Finance in approving investment policies.
Rule 045.00.19-002 – Rule 2019-3 State Treasury Money Management Trust Policy
This policy updates the procedures for managing the State Treasury Money Management Trust, aligning with the latest investment strategies and regulatory requirements.
Accessing the Full Text
For detailed information and the complete text of these rules, you can visit the official Arkansas Administrative Code website or refer to legal resources such as Casetext and Justia. (casetext.com) (regulations.justia.com)(regulations.justia.com)
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