Ark. Code Ann. § 19-11-1301: Definition

As used in this subchapter, "partial equity ownership agreement" means an agreement with a legal entity, including without limitation a partnership, a limited partnership, a limited liability company, or similar legal entity that:

(1) Includes a state retirement system as a partner, a limited partner, or a partial owner;

(2) Creates an equity interest or ownership position for the state retirement system; and

(3) Utilizes retirement trust funds that are not appropriated by the General Assembly.