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24-2-206. Jurisdiction and custodianship of funds — Interest.
Arkansas Code — all titles (historical 2020) · legal_authorities
24-2-206. Jurisdiction and custodianship of funds — Interest.
(a)(1) The various retirement system funds, as established in the State Treasury, are created and constituted trust funds.
(2) All assets of the various funds, both cash and securities, shall be under the exclusive jurisdiction of the respective boards of trustees and shall be held by the Treasurer of State as custodian, subject to the orders and direction of the boards of trustees.
(b) The interest received on all investments made from the trust funds shall be considered as trust fund income and shall be deposited into the State Treasury to the credit of the retirement system fund from which the investments were made.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 24-2-206
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:24-2-206
Source file: gov.ar.code.title.24.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 4e901d26f84294a60f0ca2266fb17ba4a5b0b5b92a2d01b9f1e5ff3f3e37ffd5
Source location: content.xml paragraph 450
Stored source content
24-2-206. Jurisdiction and custodianship of funds — Interest.
(a)(1) The various retirement system funds, as established in the State Treasury, are created and constituted trust funds.
(2) All assets of the various funds, both cash and securities, shall be under the exclusive jurisdiction of the respective boards of trustees and shall be held by the Treasurer of State as custodian, subject to the orders and direction of the boards of trustees.
(b) The interest received on all investments made from the trust funds shall be considered as trust fund income and shall be deposited into the State Treasury to the credit of the retirement system fund from which the investments were made.
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