Arkansas Statutes
§ 15-22-617 — Tax exemption - Legal investment
Arkansas·Title 15
(a)All bonds issued under this subchapter and interest thereon shall be exempt from all taxes of the State of Arkansas, including income, inheritance, and property taxes.
(b)The bonds shall be eligible to secure deposits of all public funds and shall be legal for investment of municipal, county, bank, fiduciary, insurance company, and trust funds.
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Legislative History
Acts 1981, No. 496, § 12; A.S.A. 1947, § 21-2312.
Nearby Sections
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Economic Advisor§ 15-10-201
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