Investment of public funds

Ark. Code Ann. § 25-1-1004 — under General Provisions.

Ark. Code Ann. § 25-1-1004

(a) A state investment shall be made in the sole interest of the beneficiary state taxpayer.

(b) The Treasurer of State's evaluation of an investment shall be based only on pecuniary factors.

(c) A public entity shall not invest cash funds with a financial services provider if the financial services provider is listed on the Treasurer of State's website under § 25-1-1002.