Statutes > Arkansas Statutes > Title 24 - Retirement And Pensions > Chapter 11 - Local Police And Fire Pension And Relief Funds > Subchapter 4 - Police Pension and Relief Funds -- Cities of the First Class > § 24-11-409 - Deposit of moneys.

§ 24-11-409 - Deposit of moneys.

24-11-409. Deposit of moneys.

The board shall deposit all moneys in the bank selected as the fiscal agent of the city in which it is located, but only if the moneys draw the same rate of interest as the city receives on its deposits. Otherwise, the board shall make its own selection of the bank.