Title 14, Local Government

(a) Each trust agreement shall specify the following:(1) Its duration;(2) (A) The number, qualifications, method of election, and terms of the trustees who shall serve as the governing body of the trust.(B) (i) Each trust shall have a minimum of seven (7) trustees.(ii) Only curre…

No trust agreement or supplement to a trust agreement shall be effective until it is filed with the Secretary of State.

(a) Each trust created pursuant to this chapter shall establish one (1) or more common trust funds. Moneys held for the credit of a common trust fund shall be invested only in authorized common trust fund investments. (b) Assets held for the credit of a common trust fund shall be…

A trust created under this chapter may invest moneys held for the credit of a common trust fund in the same manner as cities under §§ 19-1-404 and 19-1-405 and according to the investment policy adopted by the board of directors of the trust.

(a) A trust created under this chapter shall, subject to any limitations in the trust agreement, have power to own real and personal property necessary to carry out its functions and to contract with local government associations and private agencies for necessary services in car…

(a) Each trust shall cause proper books of account and records to be kept in which complete and correct entries shall be made of all transactions relating to its operations. (b) Such books shall be available for inspection by each participant at reasonable times. (c) Each trust s…

(a) Notwithstanding any other provision of law, the following funds remitted to municipalities by the State of Arkansas may be deposited directly into a municipality's Arkansas local government cash management trust account, established pursuant to this chapter:(1) The Municipal …