§ 19-3-515 - Charges on deposits.
19-3-515. Charges on deposits.
(a) The Treasurer of State, acting ministerially, shall have the authority to enter into an agreement with any financial institution handling state funds to pay processing fees for handling such funds if it is deemed to be in the best interest of the State of Arkansas.
(b) In the absence of such an agreement, no depository of State Treasury funds shall make any charge for the handling of funds, and any claim based upon any such charge or purported charge shall be void.