2016 Arkansas Code
Title 19 - Public Finance
Chapter 11 - Purchasing and Contracts
Subchapter 13 - -- Partial Equity Ownership Agreement Executed by a State Retirement System
§ 19-11-1301. Definition
As used in this subchapter, "partial equity ownership agreement" means an agreement with a legal entity, including without limitation a partnership, a limited partnership, a limited liability company, or similar legal entity that:
(1) Includes a state retirement system as a partner, a limited partner, or a partial owner;
(2) Creates an equity interest or ownership position for the state retirement system; and
(3) Utilizes retirement trust funds that are not appropriated by the General Assembly.
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