The law specifying what securities may be accepted as security for the deposit of public funds of the State of Arkansas or any political subdivision of the state is inadequate in that it is unduly restrictive on the types of securities which may be accepted. The types of securities which may be accepted as security […]
As used in this subchapter, “public funds” means, but shall not be limited to, funds of: (1) The State of Arkansas, or any agency, department, board, commission, or instrumentality thereof; (2) Any political subdivision of the State of Arkansas, or any agency thereof; (3) Any school board or school district; (4) Any improvement or other […]
(a) Whenever, pursuant to any statute of the state, any depository in the State of Arkansas must furnish security for the deposit of any public funds or whenever any security must be granted to any public official in connection with public funds the following shall be considered as eligible security for such purposes and subject […]
