Ark. Code § 19-3-509

Current with legislation from 2024 Fiscal and Special Sessions.
Section 19-3-509 - Maximum amount of deposits and investments - Protection of State Treasury funds
(a) 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.
(b) An investment depository and a securities broker shall provide the Treasurer of State and State Board of Finance proof of:
(1) Securities investor protection coverage for each investment of State Treasury funds; and
(2) Compliance with fidelity bond requirements of the United States Securities and Exchange Commission.

Ark. Code § 19-3-509

Amended by Act 2013, No. 1088,§ 2, eff. 8/16/2013.
Acts 1997, No. 847, § 1.