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14-164-223. Public investment.

Arkansas Code — all titles (historical 2020) · legal_authorities

14-164-223. Public investment.

14-164-223. Public investment. (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 not immediately needed for its purposes in the revenue bonds issued under the provisions of this subchapter. (b) Revenue bonds issued under this subchapter shall be eligible to secure the deposit of public funds.

Source: Arkansas Code — historical release 78 (November 6, 2020) · 14-164-223

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:14-164-223
Source file: gov.ar.code.title.14.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 591ecee2cbb141ecb57a25d37b341f40c5053570952cd15075ff12ee8e0738b9

Source location: content.xml paragraph 37054

Stored source content

14-164-223. Public investment. (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 not immediately needed for its purposes in the revenue bonds issued under the provisions of this subchapter. (b) Revenue bonds issued under this subchapter shall be eligible to secure the deposit of public funds.

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