Arkansas Statutes
§ 19-3-509 — Maximum amount of deposits and investments - Protection of State Treasury funds
Arkansas·Title 19
(a)The maximum amount of moneys and securities from the State Treasury held by a bank depository shall not exceed an amount equal to the total amount of the capital base of the bank depository.
(b)An investment depository and a securities broker shall provide the Treasurer of State and State Board of Finance proof of:
(1)Securities investor protection coverage for each investment of State Treasury funds; and (2) Compliance with fidelity bond requirements of the United States Securities and Exchange Commission.
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Legislative History
Amended by Act 2013, No. 1088,§ 2, eff. 8/16/2013. Acts 1997, No. 847, § 1.
Nearby Sections
15
§ 19-1-201
Chief Fiscal Officer of the State§ 19-1-202
Secretary§ 19-1-203
Deputy director§ 19-1-204
Personnel§ 19-1-205
Office§ 19-1-206
Seal§ 19-1-207
General accounting system§ 19-1-208
Rules§ 19-1-209
Publications required§ 19-1-210
Recordkeeping§ 19-1-211
Investigations§ 19-1-212
Duty to avoid deficit§ 19-1-213
Leasing of state property§ 19-1-214
Federal gifts and surplusage