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Ark. Code Ann. § 19-3-509

Maximum amount of deposits and investments — Protection of State Treasury funds

Acts 1997, No. 847, § 1; 2013, No. 1088, § 2.

(1) The maximum amount of moneys and securities from the State Treasury held by a bank depository shall not exceed an amount equal to the total amount of the capital base of the bank depository.

(2) An investment depository and a securities broker shall provide the Treasurer of State and State Board of Finance proof of: Securities investor protection coverage for each investment of State Treasury funds; and

(3) Compliance with fidelity bond requirements of the United States Securities and Exchange Commission.

Current official text: Arkansas General Assembly. Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Arkansas statutes; confirm against the official source for the current text. Not legal advice.