Except as to the rights of a member, retirant, or beneficiary, no trustee and no officer or employee of the board of any state retirement system shall have any interest, directly or indirectly, in the gains or profits of any investment made by the respective board. Nor shall any retirement system trustee, officer, or employee, directly or indirectly for himself or herself or as an agent, in any manner use the assets of the systems except to make such current and necessary payments as are authorized by the respective boards, nor shall any of them become an endorser or surety or, in any manner, an obligor for moneys loaned by or borrowed from any of the respective systems.
Structure Arkansas Code
Title 24 - Retirement And Pensions
Chapter 2 - Public Employee Retirement Plans Generally
Subchapter 6 - State Retirement Systems Investments
§ 24-2-601. Investment authority and limitations generally
§ 24-2-602. Investment authority and limitations — Permissible investments
§ 24-2-603. Investment authority and limitations — Default setoff
§ 24-2-604. Investment authority and limitations — Conflict of interest
§ 24-2-605. Investment authority and limitations — Fidelity bonds
§ 24-2-606. Investment authority and limitations — Custodianship of assets
§ 24-2-607. Investment authority and limitations — Trust account
§ 24-2-608. Investment authority and limitations — Arkansas-related investments
§ 24-2-609. Registration of securities in name of nominee — Powers and duties of nominee
§ 24-2-610. Prudent investor rule
§ 24-2-611. Standard of care — Portfolio strategy — Risk and return objectives
§ 24-2-613. Duties at inception of trusteeship
§ 24-2-616. Investment costs — Limitations on investment authority
§ 24-2-617. Reviewing compliance
§ 24-2-618. Delegation of investment and management functions