(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 any county; or the board of trustees of any retirement system created by the General Assembly, in its discretion, may invest any of its funds not immediately needed for its purposes in the revenue bonds issued under the provisions of this chapter.
(b) Revenue bonds issued under this chapter shall be eligible to secure the deposit of public funds.
Structure Arkansas Code
Subtitle 16 - Public Health And Welfare Generally
Chapter 265 - Health Care Facilities
§ 14-265-102. Applicability and construction
§ 14-265-103. Authority to acquire, own, manage, and sell health facilities
§ 14-265-104. Bonds — Authority to issue
§ 14-265-105. Bonds — Issuance, sale, and execution
§ 14-265-106. Bonds — Issuance for refunding obligations
§ 14-265-107. Bonds — Indebtedness as special obligation — Payment of principal and interest
§ 14-265-108. Bonds — Statutory mortgage lien — Enforcement by holder of bonds
§ 14-265-109. Bonds — Default in payment