§ 23-61-402 - Disposition. - Arkansas Statutes

23-61-402. Disposition.

(a) The Insurance Commissioner shall deposit all fees collected under 23-61-401 into the State Treasury as special revenues. Unless specifically authorized by law, order, or consent decree for collection and deposit into other accounts or other trust funds as general or special revenues, including, but not limited to, the State Insurance Department Trust Fund under the State Insurance Department Trust Fund Act, 23-61-701 et seq., the Insurance Continuing Education Trust Fund under 23-64-307, and the State Insurance Department Criminal Investigation Division Trust Fund under 23-100-103, all fees, penalties and fines, gifts, grants and endowments and awards, restitution payments, interest and investment income, and dividends paid or payable to or collected by the commissioner, or both, and not otherwise appropriated shall be deposited into the State Insurance Department Trust Fund as special revenues for the maintenance, operation, and support of and improvements to the State Insurance Department.

(b) On the last business day of each month, the State Treasury shall credit the net amount of the fees collected under 23-61-401 to the Constitutional Officers Fund and the State Central Services Fund to be used for the maintenance, operation, and improvement of the respective agencies and services receiving support from the Constitutional Officers Fund and the State Central Services Fund as authorized by law.