Arkansas § 12-41-615 - Bonds — Investment by public entities.
Full text of Arkansas Arkansas Code of 1987 Annotated § 12-41-615 — Bonds — Investment by public entities., with citation guidance and answers to common questions.
§ 12-41-615. Bonds — Investment by public entities.
Any municipality, or any board, commission, or other governing authority established by ordinance of any municipality, or the governing authorities, respectively, of the local firefighters pension and relief fund and police officer's pension and relief fund of any such municipality or the governing authority of any retirement system created by the General Assembly or any agency in its discretion may invest any of its funds not immediately needed for its purposes in bonds issued under the provisions of this subchapter. Any bonds issued under the provisions of this subchapter shall be eligible to secure the deposit of public funds.
Source: official Arkansas text · Last verified 2026-08-27
Frequently Asked Questions About Arkansas § 12-41-615
What does Arkansas Code of 1987 Annotated § 12-41-615 cover?
Section 12-41-615 ("Bonds — Investment by public entities.") is part of the Arkansas Code of 1987 Annotated, the codified statutory law of Arkansas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Arkansas § 12-41-615?
A common citation format is "Arkansas Code of 1987 Annotated § 12-41-615" (Arkansas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Arkansas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Arkansas official source linked on this page or consult a licensed Arkansas attorney.
How does Arkansas § 12-41-615 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Arkansas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Arkansas.