The purpose of this subchapter is to permit local governments in Arkansas to join together to establish trusts for joint investment of moneys not currently needed so as to enhance their investment opportunities and increase investment earnings. This subchapter shall be deemed to provide an additional and alternative method of investment for local governments. It is supplemental to existing investment authority.
Structure Arkansas Code
Chapter 8 - Depositories for Public Funds
Subchapter 3 - Local Government Joint Investment Trust Act
§ 19-8-304. Creation of trusts
§ 19-8-305. Terms of trust agreement
§ 19-8-306. Filing of trust agreement and supplements thereto
§ 19-8-307. Common trust funds — Individual investment accounts
§ 19-8-308. Authorized common trust fund investments
§ 19-8-309. Power to own property and contract
§ 19-8-311. Direct deposits by State of Arkansas into local government cash management trust account