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27-90-213. Scope of revenue bonds as securities.
Arkansas Code — all titles (historical 2020) · legal_authorities
27-90-213. Scope of revenue bonds as securities.
(a) Revenue bonds issued under this subchapter are made securities in which all insurance companies, trust companies, banks, investment companies, executors, administrators, trustees, and other fiduciaries may properly and legally invest funds, including capital in their control or belonging to them.
(b) The bonds are made securities which may properly and legally be deposited with and received by any state, county, or municipal officer or any agency or political subdivision of the state for any purpose for which the deposit of bonds or obligations of the state is now or may be authorized by law.
(c) Any municipality or county, or any board, commission, or other authority established by any municipality or county, or the boards of trustees, respectively, of any retirement fund or retirement system created by or pursuant to authority conferred by the General Assembly may in its discretion invest any of its funds not immediately needed for its purposes in bonds issued under this subchapter.
(d) Bonds issued under this subchapter shall be eligible to secure the deposit of public funds.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 27-90-213
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:27-90-213
Source file: gov.ar.code.title.27.odt
Pages: Not recorded – Not recorded
Passage SHA-256: ee616c5cecf00b47bce3bc0c6c6c5b6fb108da02e52253612b8342b32f12c09e
Source location: content.xml paragraph 27729
Stored source content
27-90-213. Scope of revenue bonds as securities.
(a) Revenue bonds issued under this subchapter are made securities in which all insurance companies, trust companies, banks, investment companies, executors, administrators, trustees, and other fiduciaries may properly and legally invest funds, including capital in their control or belonging to them.
(b) The bonds are made securities which may properly and legally be deposited with and received by any state, county, or municipal officer or any agency or political subdivision of the state for any purpose for which the deposit of bonds or obligations of the state is now or may be authorized by law.
(c) Any municipality or county, or any board, commission, or other authority established by any municipality or county, or the boards of trustees, respectively, of any retirement fund or retirement system created by or pursuant to authority conferred by the General Assembly may in its discretion invest any of its funds not immediately needed for its purposes in bonds issued under this subchapter.
(d) Bonds issued under this subchapter shall be eligible to secure the deposit of public funds.
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