§ 14-233-118 - Investment of public funds in bonds. - Arkansas Statutes

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Statutes > Arkansas > Title-14 > Subtitle-14 > Chapter-233 > 14-233-118

14-233-118. Investment of public funds in bonds.

Any municipality, 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 of the State of Arkansas, may in its discretion, invest any of its funds not immediately needed for its purposes in bonds issued under the provisions of this chapter. Bonds issued under the provisions of this chapter shall be eligible to secure the deposit of public funds.

State Codes and Statutes

Statutes > Arkansas > Title-14 > Subtitle-14 > Chapter-233 > 14-233-118

14-233-118. Investment of public funds in bonds.

Any municipality, 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 of the State of Arkansas, may in its discretion, invest any of its funds not immediately needed for its purposes in bonds issued under the provisions of this chapter. Bonds issued under the provisions of this chapter shall be eligible to secure the deposit of public funds.

State Codes and Statutes

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State Codes and Statutes

Statutes > Arkansas > Title-14 > Subtitle-14 > Chapter-233 > 14-233-118

14-233-118. Investment of public funds in bonds.

Any municipality, 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 of the State of Arkansas, may in its discretion, invest any of its funds not immediately needed for its purposes in bonds issued under the provisions of this chapter. Bonds issued under the provisions of this chapter shall be eligible to secure the deposit of public funds.