AR HB1445

Municipal governments may assign or contract specific treasurer duties to private entities if the treasurer does not comply with legal provisions or requests duties be reassigned.

Before contracting fund disbursement services, municipalities must establish an ordinance providing internal accounting controls and documentation for audit purposes.

The municipal treasurer must approve all fund disbursements before a private contractor disburses the funds.

Municipalities may only assign fund collection duties to municipal employees, not private contractors.

Municipalities may contract with private entities for fund disbursement related to payroll, bonded debt, or construction projects funded with bond proceeds, provided the contractor is adequately insured, bonded, and meets industry best practices.