Browse Arkansas Code titles and sections
15-4-3216. Exemption from taxes — Eligible to secure deposits — Legal for investment.
Arkansas Code — all titles (historical 2020) · legal_authorities
15-4-3216. Exemption from taxes — Eligible to secure deposits — Legal for investment.
(a) All bonds issued under Arkansas Constitution, Amendment 82, and this subchapter and interest on the bonds are exempt from all state and local taxes.
(b) The bonds shall be eligible to secure deposits of all public funds and shall be legal for investment of bank, fiduciary, insurance company, trust, and public funds.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 15-4-3216
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:15-4-3216
Source file: gov.ar.code.title.15.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 75ea752d586782f32a944c783bb32159e36607ca15a0011cfc5c634f22451f89
Source location: content.xml paragraph 5815
Stored source content
15-4-3216. Exemption from taxes — Eligible to secure deposits — Legal for investment.
(a) All bonds issued under Arkansas Constitution, Amendment 82, and this subchapter and interest on the bonds are exempt from all state and local taxes.
(b) The bonds shall be eligible to secure deposits of all public funds and shall be legal for investment of bank, fiduciary, insurance company, trust, and public funds.
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