(a) A state investment shall be made in the sole interest of the beneficiary state taxpayer.(b) The Treasurer of State's evaluation of an investment shall be based only on pecuniary factors.(c) A public entity shall not invest cash funds with a financial services provider if the financial services provider is listed on the Treasurer of State's website under § 25-1-1002.Added by Act 2023, No. 411,§ 1, eff. 8/1/2023. (a) A state investment shall be made in the sole interest of the beneficiary state taxpayer.(b) The Treasurer of State's evaluation of an investment shall be based only on pecuniary factors.(c) A public entity shall not invest cash funds with a financial services provider if the financial services provider is listed on the Treasurer of State's website under § 25-1-1002.Added by Act 2023, No. 411,§ 1, eff. 8/1/2023.
Arkansas Legal Code