Shown verbatim: the complete text as captured from the official PDF posted by the Arkansas General Assembly, fetched 2026-07-23. Page and line markers are part of the official record; nothing is edited or removed. The official bill page.
Stricken language would be deleted from and underlined language would be added to present law.
1 State of Arkansas A Bill
2 95th General Assembly
3 Regular Session, 2025 HOUSE BILL 1311
4
5 By: Representative Lundstrum
6 By: Senator J. Petty
7
8 For An Act To Be Entitled
9 AN ACT TO DIRECT THE LEGISLATIVE AUDITOR TO DEVELOP A
10 COMPREHENSIVE FINANCIAL MANAGEMENT SYSTEM FOR
11 APPROPRIATED FUNDS OF CITIES OF THE SECOND CLASS AND
12 INCORPORATED TOWNS AND TO PROVIDE FOR THE
13 IMPLEMENTATION OF THE SYSTEM IN THE VARIOUS CITIES
14 AND TOWNS; AND FOR OTHER PURPOSES.
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17 Subtitle
18 TO DIRECT THE LEGISLATIVE AUDITOR TO
19 DEVELOP A COMPREHENSIVE FINANCIAL
20 MANAGEMENT SYSTEM FOR APPROPRIATED FUNDS
21 OF CITIES OF THE SECOND CLASS AND
22 INCORPORATED TOWNS.
23
24 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF ARKANSAS:
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26 SECTION 1. Arkansas Code Title 14, Chapter 59, Subchapter 1, is
27 amended to add an additional section to read as follows:
28 14-59-120. Uniform chart of accounts.
29 (a)(1) The Legislative Auditor shall develop a comprehensive financial
30 management system, to be known as the "uniform chart of accounts", for
31 appropriated funds of cities of the second class and incorporated towns.
32 (2) The purpose of the uniform chart of accounts is to provide
33 necessary financial information for the mayors, councils, and other
34 interested officers and departments of cities of the second class and
35 incorporated towns.
36 (b) In developing the uniform of chart of accounts under this section,
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HB1311
1 the Legislative Auditor shall:
2 (1) Provide for a uniform account coding structure over
3 revenues, expenditures, and balances to assure that current information will
4 always be available concerning the financial condition of cities of the
5 second class and incorporated towns and their various offices and
6 departments; and
7 (2) Include without limitation budgeting and fund classification
8 aspects designed to classify the receipt of funds and the appropriations and
9 disbursements of funds in accordance with the object and purpose of the
10 expenditures in sufficient detail to:
11 (A) Be suitable for an analysis of the operations of all
12 offices and departments of cities of the second class and incorporated towns;
13 and
14 (B) Provide a breakdown and itemization of all
15 expenditures compatible with and comparable to the appropriations of councils
16 of cities of the second class and incorporated towns.
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18 SECTION 2. TEMPORARY LANGUAGE. DO NOT CODIFY. No later than thirty-
19 six (36) months following the effective date of this act, the Legislative
20 Auditor shall develop and complete a process for phasing in the use of the
21 uniform chart of accounts under � 14-59-120.
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2 01/29/2025 1:43:30 PM MBM029Every fact on this page links to its source, starting with the official bill record.