Reporting of Income from Public Agencies – 402.56

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University of Arkansas at Little Rock
Policy Name: Reporting of Income from Public Agencies
Policy Number: 402.56
Effective Date: September 1, 1977

Form: Annual Report of Extra Income in Excess of $500

Policy:

Pursuant to Act 849 of 1977, all salaried employees of the university on full-time regular nine-month or twelve-month basis are required to file annually with the president a statement reflecting income in excess of $500 earned from a single source during the past calendar year from sources other than their regular salary from professional or consultant services rendered for another public agency of this state. Each source from which income for services covered by this Act exceeds $500 must be reported. If the cumulative total of income for services covered by this Act exceeds $500 but no income from a single source exceeds $500, no report need be filed.

Public agency includes the university, state board, commission, institution, office or agency; city, county, school district or any agency, division of instrumentality thereof, including agencies, divisions or instrumentalities which are funded in part with funds provided by state appropriations; or any area of regional program in this state which derives financial support in whole or in part from state funds or from any nonprofit corporation, foundation, or organization.

An employee who fails to file, or who falsely files, the statement required by Act 849 of 1977 shall be guilty of a misdemeanor, and upon conviction thereof, shall be fined not less than fifty dollars ($50) nor more than five hundred dollars ($500).

NOTE: Employees file the Annual Report of Extra Income in Excess of $500 by January 31 of each year with the Office of Human Resources.


Source: Universitywide Administrative Memo 440.10, May 17, 1977 and Act 849 of 1977
Revised: August 1, 1977; September 1, 1977
Approved By:
Custodian: Office of Finance and Administration