Statutes > Arkansas Statutes > Title 15 - Natural Resources and Economic Development > Subtitle 2 - Land And Water Resources Generally > Chapter 22 - Water Resources > Subchapter 6 - Arkansas Water Resources Development Act of 1981 > § 15-22-621 - Investment of moneys.

§ 15-22-621 - Investment of moneys.

15-22-621. Investment of moneys.

Any moneys held in any fund created under this subchapter shall be invested by the State Board of Finance to the fullest extent practicable pending disbursement for the purposes intended. Investment shall be in accordance with the terms of the resolution or trust indenture authorizing or securing the series of bonds to which the fund appertains to the extent of the terms of the resolution or trust indenture.