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

Ark. Code Ann. § 19-3-309 — under STATE TREASURY MANAGEMENT.

Ark. Code Ann. § 19-3-309

(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.

(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.