(a) Any municipality; any board, commission, or other authority duly established by ordinance of any municipality; 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 the board of trustees of any retirement system created by the General Assembly of the State of Arkansas may, in its discretion, invest any of its funds not immediately needed for its purposes in bonds issued under the provisions of this subchapter.
(b) Bonds issued under the provisions of this subchapter shall be eligible to secure the deposit of public funds.
Structure Arkansas Code
Subtitle 11 - Economic Development Improvement Districts, Facilities, And Authorities
Chapter 184 - Central Business Improvement Districts
Subchapter 1 - General Provisions
§ 14-184-103. Legislative determinations
§ 14-184-106. Other laws applicable
§ 14-184-107. Authority to create districts
§ 14-184-108. Petition for organization — Notice and hearing
§ 14-184-109. Rules governing petitions
§ 14-184-110. Organizational expenses
§ 14-184-111. Board of commissioners
§ 14-184-112. Plans and estimated cost of improvement
§ 14-184-113. Expenditures for services
§ 14-184-114. Abandonment of improvement
§ 14-184-115. Powers of improvement district generally
§ 14-184-116. Power of eminent domain
§ 14-184-117. Powers of municipal governing bodies
§ 14-184-118. Supplemental annual assessments
§ 14-184-119. Revenue-producing facilities
§ 14-184-120. Authority to borrow, issue bonds, etc. — Security — Amount
§ 14-184-121. Bonds — Authorizing resolution
§ 14-184-122. Bonds — Terms and conditions
§ 14-184-123. Bonds — Trust indenture
§ 14-184-125. Bonds — Execution and seal
§ 14-184-127. Obligation on bonds
§ 14-184-128. Bonds — Tax exemption