# Ark. Code Ann. § 19-3-510: Types of accounts for deposits > Arkansas · Statutes · In force URL: https://www.frixlaw.com/law-library/statutes/STATE_AR_T19_C3_S5_S19-3-510 ## Section - **Citation:** Ark. Code Ann. § 19-3-510 - **Heading:** Types of accounts for deposits - **Jurisdiction:** Arkansas - **Kind:** Statutes - **Status:** In force - **Text as of:** August 14, 2026 - **Source:** Compiled text - **Location:** AR Code / Title 19 / Chapter 3 / Subchapter 5 / Section 19-3-510 ## Text (a) (1) Funds from the State Treasury deposited into a bank depository or an investment depository shall be credited to accounts in the name of the Treasurer of State. (2) Except as provided in § 19-3-512 , the Treasurer of State may establish accounts as demand deposit accounts, certificates of deposit, or other accounts. (b) The certificate of deposit account in a bank depository or an investment depository shall consist of funds from the State Treasury deposited under the State Treasury Certificate of Deposit Investment Program and trust funds deposited for various trust funds. (c) The demand deposit account in a bank depository or an investment depository shall consist of: (1) All federal funds, as described in § 19-7-101 et seq.; (2) Trust funds to the extent that the trust funds are not invested in securities and certificates of deposit; and (3) State funds to the extent that the state funds are not invested in securities. (d) Funds from the State Treasury shall not be deposited into a bank depository or an investment depository except under the terms of a written agreement entered into between the Treasurer of State and the bank depository or investment depository that complies with applicable state law and rules and federal law, rules, and regulations. Amended by Act 2019, No. 315,§ 1705, eff. 7/24/2019. Amended by Act 2013, No. 1088,§ 2, eff. 8/16/2013. Acts 1997, No. 847, § 1; 2009, No. 251, § 5. (a) (1) Funds from the State Treasury deposited into a bank depository or an investment depository shall be credited to accounts in the name of the Treasurer of State. (2) Except as provided in § 19-3-512 , the Treasurer of State may establish accounts as demand deposit accounts, certificates of deposit, or other accounts. (1) Funds from the State Treasury deposited into a bank depository or an investment depository shall be credited to accounts in the name of the Treasurer of State. (2) Except as provided in § 19-3-512 , the Treasurer of State may establish accounts as demand deposit accounts, certificates of deposit, or other accounts. (b) The certificate of deposit account in a bank depository or an investment depository shall consist of funds from the State Treasury deposited under the State Treasury Certificate of Deposit Investment Program and trust funds deposited for various trust funds. (c) The demand deposit account in a bank depository or an investment depository shall consist of: (1) All federal funds, as described in § 19-7-101 et seq.; (2) Trust funds to the extent that the trust funds are not invested in securities and certificates of deposit; and (3) State funds to the extent that the state funds are not invested in securities. (1) All federal funds, as described in § 19-7-101 et seq.; (2) Trust funds to the extent that the trust funds are not invested in securities and certificates of deposit; and (3) State funds to the extent that the state funds are not invested in securities. (d) Funds from the State Treasury shall not be deposited into a bank depository or an investment depository except under the terms of a written agreement entered into between the Treasurer of State and the bank depository or investment depository that complies with applicable state law and rules and federal law, rules, and regulations. Amended by Act 2019, No. 315,§ 1705, eff. 7/24/2019. Amended by Act 2013, No. 1088,§ 2, eff. 8/16/2013. Acts 1997, No. 847, § 1; 2009, No. 251, § 5. ## Nearby sections - [Ark. Code Ann. § 19-3-501 Title](https://www.frixlaw.com/law-library/statutes/STATE_AR_T19_C3_S5_S19-3-501.md) - [Ark. Code Ann. § 19-3-502 Definitions](https://www.frixlaw.com/law-library/statutes/STATE_AR_T19_C3_S5_S19-3-502.md) - [Ark. Code Ann. § 19-3-503 State Treasury accounts](https://www.frixlaw.com/law-library/statutes/STATE_AR_T19_C3_S5_S19-3-503.md) - [Ark. Code Ann. § 19-3-504 Record and report of financial transactions](https://www.frixlaw.com/law-library/statutes/STATE_AR_T19_C3_S5_S19-3-504.md) - [Ark. Code Ann. § 19-3-505 Disposition of moneys received by Treasurer of State](https://www.frixlaw.com/law-library/statutes/STATE_AR_T19_C3_S5_S19-3-505.md) - [Ark. Code Ann. § 19-3-506 Custodian of moneys and securities - Internal controls - Annual audit](https://www.frixlaw.com/law-library/statutes/STATE_AR_T19_C3_S5_S19-3-506.md) - [Ark. Code Ann. § 19-3-507 Bank depositories generally](https://www.frixlaw.com/law-library/statutes/STATE_AR_T19_C3_S5_S19-3-507.md) - [Ark. Code Ann. § 19-3-508 Deposits in ineligible institutions](https://www.frixlaw.com/law-library/statutes/STATE_AR_T19_C3_S5_S19-3-508.md) - [Ark. Code Ann. § 19-3-509 Maximum amount of deposits and investments - Protection of State Treasury funds](https://www.frixlaw.com/law-library/statutes/STATE_AR_T19_C3_S5_S19-3-509.md) - [Ark. Code Ann. § 19-3-510 Types of accounts for deposits](https://www.frixlaw.com/law-library/statutes/STATE_AR_T19_C3_S5_S19-3-510.md) - [Ark. Code Ann. § 19-3-511 Term of deposit - Interest](https://www.frixlaw.com/law-library/statutes/STATE_AR_T19_C3_S5_S19-3-511.md) - [Ark. Code Ann. § 19-3-512 Estimate and investment of funds not needed for immediate cash requirements](https://www.frixlaw.com/law-library/statutes/STATE_AR_T19_C3_S5_S19-3-512.md) - [Ark. Code Ann. § 19-3-513 Interest income on deposits](https://www.frixlaw.com/law-library/statutes/STATE_AR_T19_C3_S5_S19-3-513.md) - [Ark. Code Ann. § 19-3-514 List of deposits](https://www.frixlaw.com/law-library/statutes/STATE_AR_T19_C3_S5_S19-3-514.md) --- Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_AR_T19_C3_S5_S19-3-510. Check the current official text before relying on it. Not legal advice.