AR HB1262

Amends Arkansas Code § 14-24-121(b) to require counties using electronic warrants transfer systems to establish written policies and procedures ensuring internal accounting controls and documentation for audit purposes.

Requires county electronic warrants transfer systems to comply with information systems best practices approved by the Legislative Joint Auditing Committee before implementation.

Amends Arkansas Code § 14-59-105(e)(1) to require municipalities using electronic funds payment systems to establish written policies and procedures for internal accounting controls and audit documentation.

Requires municipal electronic funds payment systems to comply with Legislative Joint Auditing Committee-approved information systems best practices before implementation.

Amends Arkansas Code § 14-237-106(e) to apply the same written policies, procedures, and compliance requirements to municipal water and sewer departments using electronic funds payment systems.