Statutes > Arkansas Statutes > Title 15 - Natural Resources and Economic Development > Subtitle 1 - Development Of Economic And Natural Resources Generally > Chapter 4 - Development Of Business And Industry Generally > Subchapter 10 - Arkansas Capital Development Company Act > § 15-4-1024 - Eligibility for certain investments.

§ 15-4-1024 - Eligibility for certain investments.

15-4-1024. Eligibility for certain investments.

Any agency or instrumentality of this state or city or town in this state or any board, commission, or other authority duly established by ordinance of any city or town or the boards of trustees, respectively, of the firemen's relief and pension fund and the policemen's pension and relief fund of any city or town may invest any of its funds not immediately needed for its purposes in the bonds, notes, or equity interests of any capital development company.