Browse Arkansas Code titles and sections
24-12-109. Investment.
Arkansas Code — all titles (historical 2020) · legal_authorities
24-12-109. Investment.
(a) The board of trustees of the pension and relief fund for paid nonuniformed employees shall have the power to draw sums from its treasury to invest in the name of the board of trustees of the pension and relief fund for paid nonuniformed employees in interest-bearing bonds of the United States, of the State of Arkansas, or of the city in which the board is located or in a local government joint investment trust pursuant to the Local Government Joint Investment Trust Act, § 19-8-301 et seq.
(b) All securities shall be deposited with the treasurer of the board of trustees of the pension and relief fund and shall be subject to the orders of the board.
(c)(1) In those pension and relief funds for paid nonuniformed employees in which assets exceed one hundred thousand dollars ($100,000), the board of trustees may employ:
(A) An investment advisor to invest the assets, subject to the terms, conditions, limitations, and restrictions imposed by law upon the Arkansas Public Employees' Retirement System; and
(B) A trustee or custodian to hold the assets.
(2) The investments shall not be limited to interest-bearing bonds.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 24-12-109
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:24-12-109
Source file: gov.ar.code.title.24.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 2223a3b9258dbeb85364fb99b2ad98df309e3c04f56fa691a1b373c49701708c
Source location: content.xml paragraph 13042
Stored source content
24-12-109. Investment.
(a) The board of trustees of the pension and relief fund for paid nonuniformed employees shall have the power to draw sums from its treasury to invest in the name of the board of trustees of the pension and relief fund for paid nonuniformed employees in interest-bearing bonds of the United States, of the State of Arkansas, or of the city in which the board is located or in a local government joint investment trust pursuant to the Local Government Joint Investment Trust Act, § 19-8-301 et seq.
(b) All securities shall be deposited with the treasurer of the board of trustees of the pension and relief fund and shall be subject to the orders of the board.
(c)(1) In those pension and relief funds for paid nonuniformed employees in which assets exceed one hundred thousand dollars ($100,000), the board of trustees may employ:
(A) An investment advisor to invest the assets, subject to the terms, conditions, limitations, and restrictions imposed by law upon the Arkansas Public Employees' Retirement System; and
(B) A trustee or custodian to hold the assets.
(2) The investments shall not be limited to interest-bearing bonds.
Cross-references
Connections may be documented source relationships, shared citations or nearby passages. Each explains its basis; a connection alone does not establish applicability to your situation.
Arkansas Code — all titles (historical 2020) · legal_authorities
19-8-301. Title.
This subchapter may be cited as the “Local Government Joint Investment Trust Act”.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 19-8-301
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. The source passage cites 19-8-301. This identifies an authority to review, not proof of applicability.