All assets and income of any retirement system of a city or other political subdivision of the State of Arkansas shall be held, invested, or disbursed for the exclusive purpose of providing for benefits, investment management, and administrative expenses and shall not be encumbered for or diverted to any other purposes.
Structure Arkansas Code
Title 24 - Retirement And Pensions
Chapter 2 - Public Employee Retirement Plans Generally
§ 24-2-201. Permissible investments of political subdivision retirement funds
§ 24-2-202. Procedure for purchase or sale of securities
§ 24-2-203. First lien serial coupon bonds of local industrial development corporations
§ 24-2-204. Default in payment of principal or interest
§ 24-2-205. Purchase of obligations not cancellation — Trust
§ 24-2-206. Jurisdiction and custodianship of funds — Interest