§ 25-1-401. Title
This subchapter shall be known and may be cited as the “Arkansas Financial Transparency Act”.
§ 25-1-402. Legislative intent
The General Assembly finds that: (1) Information technology has evolved to allow unprecedented levels of accessibility to financial information; (2) Information technology allowing access to expenditure information via the Internet now exists and is available to state government; and (3) Access to expenditures on an ongoing and regular basis will: (A) Assist citizens and members […]
§ 25-1-403. Definitions
As used in this subchapter: (1) (A) “Expenditure data” means information provided by a state agency regarding the spending of public funds that adequately identifies the purpose, amount, payor, and vendor, if such disclosure is permissible under the Arkansas Freedom of Information Act of 1967, § 25-19-101 et seq., and federal laws or regulations. (B) […]
§ 25-1-404. Duties of Department of Finance and Administration
(a) The Department of Finance and Administration shall: (1) Establish standards and criteria for each state agency to report financial expenditures; (2) Develop and maintain a database of financial information as set forth in this subchapter; and (3) Develop a website presenting expenditure data for each state agency that shall: (A) Report expenditure data in […]
§ 25-1-405. Cooperation by state agencies with Department of Finance and Administration — Report
(a) Each state agency shall: (1) Cooperate with the Department of Finance and Administration in meeting the requirements of this subchapter; and (2) Take actions necessary to provide information under this subchapter. (b) (1) The department shall report annually to the Legislative Council the name of each state agency failing to provide information under this […]