Arkansas § 12-41-714 Bonds - Investments by public entities

Arkansas Statutes

§ 12-41-714 — Bonds - Investments by public entities

Arkansas § 12-41-714

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This text of Arkansas § 12-41-714 (Bonds - Investments 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. § 12-41-714 (2026).

Text

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