Ark. Code Ann. § 27-70-204 (2026)

1. On the second business day that the State Treasury is open after the twenty-fifth day of the month, the Treasurer of State shall compute the balance of the State Highway and Transportation Department Fund, including all internal accounts and funds, including, but not limited to, the State Highway Special Construction Account, the State Aid Road Fund, the State Aid Street Fund, the State Highway and Transportation Department Fund, and any other funds administered by the Arkansas Department of Transportation during the preceding month and shall transfer on that day to the State Highway and Transportation Department Fund interest on the balance to be computed as authorized under § 19-3-518(d)(4), excluding the interest rate paid on open account deposits, during the preceding month.
2. 1. Except as provided in subdivision (b)(2) of this section, interest earned on the accounts described in subsection (a) of this section shall be classified as special revenues to be used as authorized under § 19-6-405.
   2. Interest income generated from the Arkansas Four-Lane Highway Construction and Improvement Bond Account shall be distributed as required under § 27-70-206.

History. Acts 1979, No. 438, §§ 1, 2; A.S.A. 1947, §§ 76-332.1, 76-332.2; Acts 2011, No. 1032, § 1; 2017, No. 555, § 7; 2017, No. 704, § 1; 2017, No. 707, § 410.

Amendments. The 2011 amendment, in (a), substituted “State Highway Special Construction Account” for “Special Construction Account” and “State Aid Street Fund” for “State Aid Street Account.”

The 2017 amendment by No. 555, in (a), substituted “second business day that the State Treasury is open after the twenty-fifth day” for “first day of business”, deleted “average daily” preceding “balance” twice, and substituted “as authorized under § 19-3-518(d)(4)” for “at a rate equivalent to the average rate of interest earned on all State Treasury funds invested”.

The 2017 amendment by No. 704 redesignated former (b) as (b)(1); in (b)(1), substituted “Except as provided in subdivision (b)(2) of this section” for “All” and “to be used as authorized under § 19-6-405” for “and the net amount shall be distributed as provided by this subchapter”; and added (b)(2).

The 2017 amendment by No. 707 substituted “funds of Arkansas Department of Transportation” for “state highway department funds” in the section heading; and substituted “Department of Transportation” for “State Highway and Transportation Department” in (a).

Cross References. Arkansas Governmental Compliance Act, § 10-4-301 et seq.

Effective Dates. Acts 2017, No. 704, § 3: Jan. 1, 2018.