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14-170-213. Public investment in bonds.
Arkansas Code — all titles (historical 2020) · legal_authorities
14-170-213. Public investment in bonds.
(a) Any municipality, or any board, commission, or other authority duly established by ordinance of any municipality, or the board of trustees, respectively, of the firemen's relief and pension fund and the policemen's pension and relief fund of any such municipality, 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 bonds issued under the provisions of this subchapter.
(b) 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) · 14-170-213
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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Stable record: arkansas_code:legal_authorities:14-170-213
Source file: gov.ar.code.title.14.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 0dc5a069c98587d1b462ba9e93feeedbdfb4a4a96ce2aa0a250011e68bc5c1bb
Source location: content.xml paragraph 41327
Stored source content
14-170-213. Public investment in bonds.
(a) Any municipality, or any board, commission, or other authority duly established by ordinance of any municipality, or the board of trustees, respectively, of the firemen's relief and pension fund and the policemen's pension and relief fund of any such municipality, 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 bonds issued under the provisions of this subchapter.
(b) Bonds issued under the provisions of this subchapter shall be eligible to secure the deposit of public funds.
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