(a) Any municipality or any board, commission, or other authority established by ordinance of any municipality, or 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 any county, or the board of trustees of any retirement system created by the General Assembly may, in its discretion, invest any of its funds not immediately needed for its purposes in the revenue bonds issued under the provisions of this subchapter.
(b) Revenue bonds issued under this subchapter shall be eligible to secure the deposit of public funds.
Structure Arkansas Code
Subtitle 10 - Economic Development And Tourism Generally
Chapter 164 - Industrial Development Bonds
Subchapter 2 - Municipalities and Counties Industrial Development Revenue Bond Law
§ 14-164-205. Authority to develop industry
§ 14-164-206. Authority to issue revenue bonds
§ 14-164-207. Applicability of §§ 14-164-208 — 14-164-216, and 14-164-218
§ 14-164-208. Adoption of bond ordinance or order
§ 14-164-209. Bonds — Issuance — Authorizing resolution
§ 14-164-210. Bonds — Terms and conditions
§ 14-164-211. Bonds — Trust indenture, lease, etc
§ 14-164-212. Bonds and coupons — Execution
§ 14-164-214. Bonds — Conversion
§ 14-164-215. Bonds — Successive issues
§ 14-164-216. Bonds — Priority among issues
§ 14-164-218. Bonds — Interim financing
§ 14-164-220. Statutory mortgage lien
§ 14-164-221. Default in payment of bonds
§ 14-164-222. Bonds — Tax exemption