Arkansas § 12-41-615 Bonds - Investment by public entities

Arkansas Statutes

§ 12-41-615 — Bonds - Investment by public entities

Arkansas § 12-41-615

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This text of Arkansas § 12-41-615 (Bonds - Investment by public entities) is published on Counsel Stack Legal Research, covering Arkansas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ark. Code Ann. § 12-41-615 (2026).

Text

(a)Any municipality, or any board, commission, or other governing authority established by ordinance of any municipality, or the governing authorities, respectively, of the local firefighters pension and relief fund and police officer's pension and relief fund of any such municipality or the governing authority of any retirement system created by the General Assembly or any agency in its discretion may invest any of its funds not immediately needed for its purposes in bonds issued under the provisions of this subchapter.

(b)Any bonds issued under the provisions of this subchapter shall be eligible to secure the deposit of public funds.

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(a) Any municipality, or any board, commission, or other governing authority established by ordinance of any municipality, or the governing authorities, respectively, of the local firefighters pension and relief fund and police officer's pension and relief fund of any such municipality or the governing authority of any retirement system created by the General Assembly or any agency in its discretion may invest any of its funds not immediately needed for its purposes in bonds issued under the provisions of this subchapter. (b) Any bonds issued under the provisions of this subchapter shall be eligible to secure the deposit of public funds.