(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.Amended by Act 2013, No. 1088,§ 2, eff. 8/16/2013.Acts 1997, No. 847, § 1.
Arkansas Legal Code