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 9 - Arkansas Development Finance Corporation Act > § 15-4-924 - Eligibility for certain investments.

§ 15-4-924 - Eligibility for certain investments.

15-4-924. Eligibility for certain investments.

Any city or town in this state, 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 of any development finance corporation organized under the provisions of this subchapter.