Arkansas Code § 6-81-120 - Obligations Designated As Legal and Authorized Investments

(a) All the obligations issued under this subchapter are legal and authorized investments for:

(1) Banks;

(2) Savings banks;

(3) Trust companies;

(4) Savings and loan associations;

(5) Insurance companies;

(6) Fiduciaries;

(7) Trustees and guardians;

(8) Any municipality or any board, commission, or other authority established by ordinance of any municipality or the boards of trustees of any municipality;

(9) The fireman's relief and pension fund of any municipality;

(10) The policeman's pension and relief fund of any municipality; or

(11) The board of trustees for any retirement system created by the General Assembly.

(b) Obligations issued under this section shall be eligible to secure the deposit of public funds.

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Last modified: November 15, 2016