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14-267-113. Bonds — Investment of public funds.
Arkansas Code — all titles (historical 2020) · legal_authorities
14-267-113. Bonds — Investment of public funds.
(a) Any municipality; any board, commission, or other authority duly established by ordinance of any municipality; 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 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 chapter.
(b) Bonds issued under the provisions of this chapter shall be eligible to secure the deposit of public funds.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 14-267-113
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:14-267-113
Source file: gov.ar.code.title.14.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 07f1494ef2bddc1959c9d0188e4243d031fd4457e9b55998ef93de9287a4f0b7
Source location: content.xml paragraph 51760
Stored source content
14-267-113. Bonds — Investment of public funds.
(a) Any municipality; any board, commission, or other authority duly established by ordinance of any municipality; 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 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 chapter.
(b) Bonds issued under the provisions of this chapter shall be eligible to secure the deposit of public funds.
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