Any hospital excluding its employees from the Arkansas Public Employees' Retirement System and receiving a return of any funds as provided in § 24-4-302(3) shall immediately invest the funds in a retirement system or plan for the employees of the hospital.
Ark. Code Ann. § 24-4-211
Disposition of funds returned to hospitals withdrawing from system
Acts 1971, No. 303, § 2; A.S.A. 1947, § 12-2506.1.
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.