(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, may, in its discretion, invest any of its funds not immediately needed for its purposes in bonds issued under the provisions of this chapter.
(b) Bonds issued under the provisions of this chapter shall be eligible to secure the deposit of public funds.
Structure Arkansas Code
Subtitle 16 - Public Health And Welfare Generally
Chapter 267 - Pollution Control Facilities
§ 14-267-101. Legislative determination
§ 14-267-105. Agreements with federal or state agencies
§ 14-267-106. Bonds — Authority to issue
§ 14-267-107. Bonds — Issuance, sale, and execution
§ 14-267-108. Bonds — Issuance for refunding of obligations
§ 14-267-109. Bonds — Indebtedness as special obligation — Payment of principal and interest
§ 14-267-110. Bonds — Mortgage lien
§ 14-267-111. Bonds — Default in payment