(a) There is established on the books of the Treasurer of State, the Auditor of State, and the Chief Fiscal Officer of the State a trust fund to be known as the 'Teacher Retirement Fund'.(b) The fund shall consist of trust fund income as provided by law.(c) The fund shall be used for: (1) The operation, maintenance, and improvement of the Arkansas Teacher Retirement System;(2) Payment of retirement and disability benefits;(3) Making refunds; and(4) Investing surplus funds.Acts 1973, No. 750, § 8; A.S.A. 1947, § 13-531.
Arkansas Legal Code