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12-41-714. Bonds — Investments by public entities.

Arkansas Code — all titles (historical 2020) · legal_authorities

12-41-714. Bonds — Investments by public entities.

12-41-714. Bonds — Investments by public entities. (a) Any municipality, board, commission, governing authority established by ordinance of any municipality, or governing authorities, respectively, of the local firefighter's pension and relief fund and police officer's pension and relief fund of any such municipality, the governing authority of any retirement system created by the General Assembly, or any agency may invest any of its funds not immediately needed for its purposes in bonds and other evidences of indebtedness issued under the provisions of this subchapter. (b) Any bonds issued under the provisions of this subchapter shall be eligible to secure the deposit of public funds.

Source: Arkansas Code — historical release 78 (November 6, 2020) · 12-41-714

Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. A text match is a research starting point; applicability is not established.

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Record provenance

Stable record: arkansas_code:legal_authorities:12-41-714
Source file: gov.ar.code.title.12.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 6ce7e1813508318dc25fdb4e1b4b2e14e3daea671a9a38ea1e05e103a0191272

Source location: content.xml paragraph 15484

Stored source content

12-41-714. Bonds — Investments by public entities. (a) Any municipality, board, commission, governing authority established by ordinance of any municipality, or governing authorities, respectively, of the local firefighter's pension and relief fund and police officer's pension and relief fund of any such municipality, the governing authority of any retirement system created by the General Assembly, or any agency may invest any of its funds not immediately needed for its purposes in bonds and other evidences of indebtedness issued under the provisions of this subchapter. (b) Any bonds issued under the provisions of this subchapter shall be eligible to secure the deposit of public funds.

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