The board shall deposit all moneys in the bank selected as the fiscal agent of the city in which it is located, but only if the moneys draw the same rate of interest as the city receives on its deposits. Otherwise, the board shall make its own selection of the bank.
Structure Arkansas Code
Title 24 - Retirement And Pensions
Chapter 11 - Local Police And Fire Pension And Relief Funds
Subchapter 4 - Police Pension and Relief Funds — Cities of the First Class
§ 24-11-402. Vote to effect subchapter
§ 24-11-403. Creation of fund — Tax levy
§ 24-11-404. Tax levy for pensions in cities of first and second class
§ 24-11-405. Board of trustees
§ 24-11-406. Administration of small funds by Arkansas Local Police and Fire Retirement System
§ 24-11-407. List of retired police officers
§ 24-11-408. Treasurer as custodian of fund
§ 24-11-409. Deposit of moneys
§ 24-11-412. Report on condition of fund
§ 24-11-413. Moneys added to fund — Contributions
§ 24-11-415. Proceeds derived from sale of confiscated goods
§ 24-11-416. Proration where fund insufficient
§ 24-11-417. Subjection of fund to legal process
§ 24-11-418. Former military service credit purchase
§ 24-11-421. Credited service — Restoration
§ 24-11-422. Benefits — Voluntary retirement
§ 24-11-423. Benefits — Disability retirement
§ 24-11-424. Benefits — Retirant receiving less than one-half salary
§ 24-11-425. Benefits — Death of active or retired member
§ 24-11-426. Optional vesting rights policy
§ 24-11-428. Return of salary deductions
§ 24-11-432. Additional benefits for certain officers hired prior to January 1, 1983
§ 24-11-433. Police pension funds — Partial disability pensions
§ 24-11-434. Deferred retirement option plan
§ 24-11-437. Credited service — Purchase of former law enforcement service