Arkansas § 19-3-509 Maximum amount of deposits and investments - Protection of State Treasury funds

Arkansas Statutes

§ 19-3-509 — Maximum amount of deposits and investments - Protection of State Treasury funds

Arkansas § 19-3-509

Title19

This text of Arkansas § 19-3-509 (Maximum amount of deposits and investments - Protection of State Treasury 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. § 19-3-509 (2026).

Text

(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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(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.