Arkansas § 20-48-510 Municipalities, boards, commissions, etc., authorized to invest in bonds

Arkansas Statutes

§ 20-48-510 — Municipalities, boards, commissions, etc., authorized to invest in bonds

Arkansas § 20-48-510

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This text of Arkansas § 20-48-510 (Municipalities, boards, commissions, etc., authorized to invest in bonds) 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. § 20-48-510 (2026).

Text

(a)Any municipality or any board, commission, or other authority established by ordinance of any municipality, or 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 any county, or the board of trustees of any retirement system created by the General Assembly, may, in its discretion, invest any of its funds in the bonds of the Board of Developmental Disabilities Services issued under the provisions of this subchapter.

(b)The 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 or any board, commission, or other authority established by ordinance of any municipality, or 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 any county, or the board of trustees of any retirement system created by the General Assembly, may, in its discretion, invest any of its funds in the bonds of the Board of Developmental Disabilities Services issued under the provisions of this subchapter. (b) The bonds issued under the provisions of this subchapter shall be eligible to secure the deposit of public funds.