- (a) Eligible enrollees are defined by Arkansas Code § 19-3-603.
(b)
- (1) Once an entity has decided to participate and has authorized an officer to be responsible for State Treasury Money Management Trust transactions, the participant should complete the Participation Application form provided online (an example is included in this part).
(2) That form:
- (A) Is to be submitted via email; and
- (B) Will be kept on file with the State Treasury.
- (3) That form provides the information necessary to establish an account and identifies the individual or individuals who will transact trust business on the participant’s behalf.
- (4) That form also serves as an acknowledgment that the participant agrees to accept the terms and conditions of the trust as established by law and this part.
- (5) Instructions are provided with that form.
(c)
- (1) After the Participation Application form is received and processed, the participant will be advised of their trust account number.
- (2) All future transactions or instructions from the participant should reference that account number in order to ensure proper completion of the transaction.
(d)
- (1) A Participant Information Revision form is provided and should be completed if any of the account information changes.
- (2) Failure to give prompt notification of changes may result in delays in depositing, investing, or withdrawing funds.