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19-3-509. Maximum amount of deposits and investments — Protection of State Treasury funds.
Arkansas Code — all titles (historical 2020) · legal_authorities
19-3-509. Maximum amount of deposits and investments — Protection of State Treasury funds.
(a) The maximum amount of moneys and securities from the State Treasury held by a bank depository shall not exceed an amount equal to the total amount of the capital base of the bank depository.
(b) An investment depository and a securities broker shall provide the Treasurer of State and State Board of Finance proof of:
(1) Securities investor protection coverage for each investment of State Treasury funds; and
(2) Compliance with fidelity bond requirements of the United States Securities and Exchange Commission.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 19-3-509
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:19-3-509
Source file: gov.ar.code.title.19.odt
Pages: Not recorded – Not recorded
Passage SHA-256: bccb27888ca04adebf5f0b81e870dac43aae716bf7e3860c397e437668ed8470
Source location: content.xml paragraph 1193
Stored source content
19-3-509. Maximum amount of deposits and investments — Protection of State Treasury funds.
(a) The maximum amount of moneys and securities from the State Treasury held by a bank depository shall not exceed an amount equal to the total amount of the capital base of the bank depository.
(b) An investment depository and a securities broker shall provide the Treasurer of State and State Board of Finance proof of:
(1) Securities investor protection coverage for each investment of State Treasury funds; and
(2) Compliance with fidelity bond requirements of the United States Securities and Exchange Commission.
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