Arkansas Code § 15-22-716 - Tax Exemption -- Legal Investment

(a) All bonds issued under this subchapter and interest on the bonds shall be exempt from all taxes of the State of Arkansas, including income, inheritance, and property taxes.

(b) The bonds shall be eligible to secure deposits of all public funds and shall be legal for investment of municipal, county, bank, fiduciary, insurance company, and trust funds.

Section: Previous  15-22-708  15-22-709  15-22-710  15-22-711  15-22-712  15-22-713  15-22-714  15-22-715  15-22-716  15-22-717  15-22-718  15-22-719  15-22-720  15-22-721    Next

Last modified: November 15, 2016