TO AMEND THE LAW CONCERNING THE MEMBERS OF A COUNTY DEPOSITORY BOARD.
HB 1785 updates Arkansas county depository boards' structure, ensuring clear roles for county officials and enhancing financial oversight and accountability.
HB 1785 updates Arkansas county depository boards' structure, ensuring clear roles for county officials and enhancing financial oversight and accountability.
House Bill 1785 (HB 1785) aims to amend the existing laws governing the composition of county depository boards in Arkansas. The bill seeks to clarify the membership structure of these boards, which are responsible for overseeing the financial management of county funds.
The primary changes introduced by HB 1785 include:
Composition of the County Depository Board:
Selection Process:
This legislation primarily affects:
- County Officials: The county judges, treasurers, collectors, and sheriffs will have defined roles within the depository board.
- County Quorum Courts: These bodies will have the authority to establish the board and select its members, impacting local governance and financial oversight.
HB 1785 represents a significant update to the governance of county financial oversight in Arkansas. By clarifying the structure and selection process of county depository boards, the bill aims to enhance accountability and efficiency in managing county funds. The enactment of this legislation will ensure that counties can adapt to changes in their financial management structures while maintaining compliance with state laws.
Compiled from official sources — confirm details with the bill’s official record.
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