Arkansas § 14-269-112 Bonds - Investment of public funds

Arkansas Statutes

§ 14-269-112 — Bonds - Investment of public funds

Arkansas § 14-269-112

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This text of Arkansas § 14-269-112 (Bonds - Investment of public funds) 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. § 14-269-112 (2026).

Text

(a)Any municipality; any board, commission, or other authority duly established by ordinance of any municipality; the boards of trustees, respectively, of the firemen's relief and pension fund and the policemen's pension and relief fund of any municipality; or the board of trustees of any retirement system created by the General Assembly, may, in its discretion, invest any of its funds not immediately needed for its purposes in revenue bonds issued under the provisions of this subchapter.

(b)Revenue 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; any board, commission, or other authority duly established by ordinance of any municipality; the boards of trustees, respectively, of the firemen's relief and pension fund and the policemen's pension and relief fund of any municipality; or the board of trustees of any retirement system created by the General Assembly, may, in its discretion, invest any of its funds not immediately needed for its purposes in revenue bonds issued under the provisions of this subchapter. (b) Revenue bonds issued under the provisions of this subchapter shall be eligible to secure the deposit of public funds.