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2010 Arkansas Code
Title 14 - Local Government
Subtitle 12 - Public Utilities Generally
Chapter 203 - Municipal Electric System Financing
§ 14-203-118 - Investment of public funds in bonds.

14-203-118. Investment of public funds in bonds.

Any municipality, or any board, commission, or other authority duly 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 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.

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