Arkansas Statutes
§ 24-2-602 — Investment authority and limitations - Permissible investments
Arkansas·Title 24
(a)The boards of trustees of the State Police Retirement System, the Arkansas Public Employees' Retirement System, the Arkansas Teacher Retirement System, the Arkansas State Highway Employees' Retirement System, and the Arkansas Judicial Retirement System shall have full power to invest and reinvest the moneys of the respective systems and to hold, purchase, sell, assign, transfer, or dispose of any of the investments so made as well as the proceeds of the investments and moneys.
(b)However, the investments and reinvestments shall only be made in accordance with the prudent investor rule set forth in §§ 24-2-610 - 24-2-619 .
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Related
Opinion No.
(Arkansas Attorney General Reports, 2002)
Legislative History
Acts 2001, No. 151, § 8.
Nearby Sections
15
§ 24-1-101
Assets and income for retirement systems§ 24-1-102
Annual valuation§ 24-1-103
Change of contribution rate§ 24-1-105
Liabilities exceeding thirty-year amortization period - Legislated benefit enhancement prohibited§ 24-1-106
Benefit enhancements§ 24-1-201
Declaration of policy§ 24-1-202
Definitions§ 24-1-203
Rules§ 24-1-206
Agents§ 24-1-207
Contributions - State employees