(a) A housing authority, by resolution, may provide that all moneys deposited by it shall be secured by:
(1) Obligations of the United States or of the state, of a market value equal at all times to the amount of the deposits; or
(2) Any securities in which savings banks may legally invest funds within their control; or
(3) An undertaking, with such sureties as shall be approved by the authority, faithfully to keep and pay over upon the order of the authority any such deposits and agreed interest on them.
(b) All banks and trust companies are authorized to give any such security for the deposits.
Structure Arkansas Code
Subtitle 10 - Economic Development And Tourism Generally
Chapter 169 - Housing Authorities And Urban Renewal Agencies
Subchapter 2 - Housing Authorities in Cities and Counties
§ 14-169-202. Legislative declarations
§ 14-169-204. Provisions controlling
§ 14-169-205. Planning, etc., laws applicable
§ 14-169-206. Validating provisions
§ 14-169-207. Creation of authorities
§ 14-169-208. Appointment, etc., of commissioners, employees
§ 14-169-209. Commissioner or employee interest prohibited
§ 14-169-210. Removal of commissioners
§ 14-169-211. Powers of authority generally
§ 14-169-212. Investigations, studies, etc
§ 14-169-213. Examinations and investigations — Conduct, oaths, subpoenas, etc
§ 14-169-214. Examinations and investigations — Findings and recommendations
§ 14-169-215. Powers of authority regarding property generally
§ 14-169-216. Acquisition, operation, construction, etc., of housing projects
§ 14-169-217. Contracts for services, works, etc
§ 14-169-218. Financing of project
§ 14-169-219. Power of eminent domain
§ 14-169-220. Authority to issue bonds
§ 14-169-221. Issuance of bonds
§ 14-169-222. Powers in issuing bonds or incurring obligations
§ 14-169-223. Bonds and obligations as legal investments
§ 14-169-224. Joining or cooperating by authorities
§ 14-169-225. Federal aid or cooperation
§ 14-169-226. Agreement to sell project as security for federal obligations
§ 14-169-227. Aid and cooperation by state public bodies
§ 14-169-228. Additional powers of public bodies to aid or cooperate
§ 14-169-229. Public appropriations and loans
§ 14-169-230. Authority to exercise powers
§ 14-169-231. Contracts for services furnished by public body
§ 14-169-232. Statutory remedies of obligee
§ 14-169-233. Additional remedies conferrable on obligees
§ 14-169-234. Exemption of property from execution
§ 14-169-235. Tax exemption of certain property
§ 14-169-236. Fixing of rental rates
§ 14-169-237. Rentals and tenant selection
§ 14-169-238. Right to possession, etc