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AR HB1634
Bill
Status
3/9/2017
Primary Sponsor
Nelda Speaks
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AI Summary
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County treasurers shall collect a 2% commission on all funds coming into their hands, except for specific enumerated funds including revolving loans, school bond proceeds, grants, and nonrevenue receipts.
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All commissions collected shall be paid into the county treasury to the credit of the county treasurer's commission fund and used to offset administrative costs.
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Treasurers may set aside up to 10% of gross commissions annually for a county treasurer's automation fund to operate the office, cover administrative costs, and purchase or maintain automated accounting systems.
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Moneys in the county treasurer's automation fund may accumulate and are not subject to distribution of excess commission, and shall be appropriated and expended by the quorum court at the treasurer's direction.
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Annual commissions not used for county treasurer office operations, except those set aside in the automation fund, shall be prorated to appropriate entities as excess commission.
Legislative Description
To Amend The Law Concerning A County Treasurer's Commission.
Last Action
Notification that HB1634 is now Act 420
3/9/2017