(a) Any municipality; any board, commission, or other authority duly established by ordinance of any municipality; 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 subchapter.
(b) Bonds issued under the provisions of this subchapter shall be eligible to secure the deposit of public funds.
Section: Previous 14-184-117 14-184-118 14-184-119 14-184-120 14-184-121 14-184-122 14-184-123 14-184-124 14-184-125 14-184-126 14-184-127 14-184-128 14-184-129 14-184-130 NextLast modified: November 15, 2016