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8-6-813. Investment of public funds in bonds.
Arkansas Code — all titles (historical 2020) · legal_authorities
8-6-813. Investment of public funds 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 the board of trustees of any retirement system created by the General Assembly may, in its discretion, invest any of its funds not immediately needed for its purposes in bonds issued under the provisions of this subchapter.
(b) 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) · 8-6-813
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:8-6-813
Source file: gov.ar.code.title.08.odt
Pages: Not recorded – Not recorded
Passage SHA-256: f2e7d712f2bc05483d1d3cba5e65b9f09a3537736c3a74e02d6618abf8a69137
Source location: content.xml paragraph 5454
Stored source content
8-6-813. Investment of public funds 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 the board of trustees of any retirement system created by the General Assembly may, in its discretion, invest any of its funds not immediately needed for its purposes in bonds issued under the provisions of this subchapter.
(b) Bonds issued under the provisions of this subchapter shall be eligible to secure the deposit of public funds.
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