Arkansas § 23-18-1205 Rural Broadband I.D. Expenses Trust Fund Grant Program - Investment of funds

Arkansas Statutes

§ 23-18-1205 — Rural Broadband I.D. Expenses Trust Fund Grant Program - Investment of funds

Arkansas § 23-18-1205

Title23

This text of Arkansas § 23-18-1205 (Rural Broadband I.D. Expenses Trust Fund Grant Program - Investment of 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. § 23-18-1205 (2026).

Text

(a)(1) The Treasurer of State shall invest the moneys available in the Rural Broadband I.D. Expenses Trust Fund.

(2)The investment of funds under this section is exempt from § 19-3-518(a)(2)(B)(i) (b) and (c) .

(b)Moneys in the Rural Broadband I.D. Expenses Trust Fund may be invested in any instrument that is:

(1)Listed in § 19-3-518(b)(1)(B) ; and (2) Approved under the guidelines established by the State Treasury investment policy approved by the State Board of Finance.

(c)Assuming reauthorization of the Rural Broadband I.D. Expenses Trust Fund by the General Assembly, moneys remaining in the Rural Broadband I.D. Expenses Trust Fund at the end of each fiscal year shall carry forward and be made available for the purposes stated in this section in the next fiscal year.

Free access — add to your briefcase to read the full text and ask questions with AI

(a) (1) The Treasurer of State shall invest the moneys available in the Rural Broadband I.D. Expenses Trust Fund. (2) The investment of funds under this section is exempt from § 19-3-518(a)(2)(B)(i) (b) and (c) . (b) Moneys in the Rural Broadband I.D. Expenses Trust Fund may be invested in any instrument that is: (1) Listed in § 19-3-518(b)(1)(B) ; and (2) Approved under the guidelines established by the State Treasury investment policy approved by the State Board of Finance. (c) Assuming reauthorization of the Rural Broadband I.D. Expenses Trust Fund by the General Assembly, moneys remaining in the Rural Broadband I.D. Expenses Trust Fund at the end of each fiscal year shall carry forward and be made available for the purposes stated in this section in the next fiscal year.