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19-3-606. Loan of securities.
Arkansas Code — all titles (historical 2020) · legal_authorities
19-3-606. Loan of securities.
(a) In order to increase investment income with minimal risk, the Treasurer of State may loan securities held under this subchapter, but only if at the time the loan is executed at least one hundred two percent (102%) of the full market value of the security loaned is collateralized by cash or securities guaranteed by the United States Government or an agency of the United States Government.
(b) At all times during the term of the loan, the collateral shall be equal to not less than ninety-eight percent (98%) of the full market value calculated on the total value of all securities on loan.
(c) For purposes of this section, the value of the collateral shall be determined on a daily basis.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 19-3-606
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:19-3-606
Source file: gov.ar.code.title.19.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 9923692c50f871c3e83d88dc1b7acbdc9cb06360b34c433c28736e9fabe81e9d
Source location: content.xml paragraph 1530
Stored source content
19-3-606. Loan of securities.
(a) In order to increase investment income with minimal risk, the Treasurer of State may loan securities held under this subchapter, but only if at the time the loan is executed at least one hundred two percent (102%) of the full market value of the security loaned is collateralized by cash or securities guaranteed by the United States Government or an agency of the United States Government.
(b) At all times during the term of the loan, the collateral shall be equal to not less than ninety-eight percent (98%) of the full market value calculated on the total value of all securities on loan.
(c) For purposes of this section, the value of the collateral shall be determined on a daily basis.
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