(a) All Arkansas Unemployment Trust Fund 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.
Structure Arkansas Code
Title 11 - Labor and Industrial Relations
Chapter 10 - Division of Workforce Services Law
Subchapter 10 - Unemployment Trust Fund Financing Act of 2011
§ 11-10-1002. Legislative findings and intent
§ 11-10-1004. Authorization — Purposes
§ 11-10-1005. Governor’s proclamation
§ 11-10-1007. Procedure for issuing Arkansas Unemployment Trust Fund Bonds
§ 11-10-1010. Employment of professionals
§ 11-10-1011. Sources of repayment
§ 11-10-1012. Investment of proceeds
§ 11-10-1016. Bonds — Rights and liabilities — Enforcement
§ 11-10-1017. Unemployment obligation assessment
§ 11-10-1018. Division of Workforce Services — Bond Financing Trust Fund