(a) “Bank” or “banking institution” means any state bank, national bank, savings bank, savings association, thrift, or other financial institution authorized to do business and having a main office or branch office in this state, which is insured by the Federal Deposit Insurance Corporation.
(b) “Public funds” or “funds” means any and all kinds of funds handled by treasurers, collectors, commissioners, sheriffs, clerks, and receivers appointed under § 14-62-104.
Structure Arkansas Code
Chapter 8 - Depositories for Public Funds
Subchapter 1 - General Provisions
§ 19-8-104. Investment of public funds
§ 19-8-105. Annual list of eligible banks
§ 19-8-107. Depository agreements
§ 19-8-108. Mortgages and securities as security
§ 19-8-109. Housing agency bonds as security
§ 19-8-110. Farm credit obligations as security
§ 19-8-111. Additional authority for investment of public funds — Definition