Browse Arkansas Code titles and sections
20-48-510. Municipalities, boards, commissions, etc., authorized to invest in bonds.
Arkansas Code — all titles (historical 2020) · legal_authorities
20-48-510. Municipalities, boards, commissions, etc., authorized to invest in bonds.
(a) Any municipality or any board, commission, or other authority established by ordinance of any municipality, or 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 any county, or the board of trustees of any retirement system created by the General Assembly, may, in its discretion, invest any of its funds in the bonds of the Board of Developmental Disabilities Services issued under the provisions of this subchapter.
(b) The 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) · 20-48-510
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:20-48-510
Source file: gov.ar.code.title.20.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 6c360e422370318ca068d98232c4c5b289677b2b25842b0e7e27b5e204ebc081
Source location: content.xml paragraph 28782
Stored source content
20-48-510. Municipalities, boards, commissions, etc., authorized to invest in bonds.
(a) Any municipality or any board, commission, or other authority established by ordinance of any municipality, or 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 any county, or the board of trustees of any retirement system created by the General Assembly, may, in its discretion, invest any of its funds in the bonds of the Board of Developmental Disabilities Services issued under the provisions of this subchapter.
(b) The bonds issued under the provisions of this subchapter shall be eligible to secure the deposit of public funds.
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