AR SB128

Amends Arkansas Code § 4-9-805(c) to clarify that filing a continuation statement after the act takes effect does not continue the effectiveness of financing statements filed before the act, but timely-filed continuation statements allow effectiveness to continue under the amended Article 9 provisions.

Amends Arkansas Code § 4-88-105(f)(4)(C) to correct terminology in the Consumer Protection Division reporting requirements by replacing "moneys" with "funds" and restructuring subdivisions for clarity.

Requires the Attorney General's office to report whether court orders or settlement agreements directed funds to specific entities, provide summaries of input on such orders or agreements, and report rationales for disbursing funds.

Requires reporting of current balances of all unappropriated cash fund holdings received by the Attorney General through court orders or settlement agreements.

Approved April 6, 2015.