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AR HB1660

Bill

Official Source

Status

Passed

3/30/2017

Primary Sponsor

Jim Sorvillo

Click for details

Origin

House of Representatives

91st General Assembly (2017 Regular)

AI Summary

  • Changes municipal financial reporting requirement from quarterly to monthly submissions by city clerks, city clerk-treasurers, or city treasurers under Arkansas Code § 14-43-506(b)(1)

  • Monthly reports must include a full report and detailed statement of the city's financial condition showing receipts, disbursements, balance on hand, and all liabilities

  • Applies to all Arkansas municipalities requiring regular financial disclosure to track fiscal activity

  • Approved March 30, 2017 during the 91st General Assembly Regular Session

Legislative Description

To Amend The Law To Require Monthly Municipal Financial Reporting.

Last Action

Notification that HB1660 is now Act 761

3/30/2017

Committee Referrals

City, County & Local Affairs3/6/2017
City, County and Local Affairs2/23/2017

Full Bill Text

No bill text available