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 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 chapter. Bonds issued under the provisions of this chapter shall be eligible to secure the deposit of public funds.
Structure Arkansas Code
Subtitle 13 - Public Utility Improvement Districts
Chapter 217 - General Consolidated Public Utility System Improvement Districts
§ 14-217-102. Purpose of chapter
§ 14-217-104. Application and construction of chapter
§ 14-217-105. Creation of consolidated utility districts — Petition — Notice of hearing
§ 14-217-106. General powers and purposes of districts
§ 14-217-108. Location of consolidated system
§ 14-217-109. Payment of costs — Authority to use funds and revenues and to issue bonds
§ 14-217-111. Bonds — Mortgage lien
§ 14-217-112. Bonds — Default — Receiver