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Arkansas · Snapshot open-us-law v2026.08, retrieved 2026-09-17

Ark. Code Ann. § 21-5-507: Payments by administrator

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Where this section sits in the code
  1. AR Code
  2. Title 21
  3. Chapter 5
  4. Subchapter 5

(a) Notwithstanding any other provision of law to the contrary, the Director of the Employee Benefits Division or the appropriate officer of the county, city, town, or other political subdivision designated to administer the deferred compensation program is authorized: (1) To make payments of premiums for the purchase of annuity contracts under the deferred compensation program; and (2) To make deferrals to a trustee or custodian holding fixed or variable life insurance contracts, annuity contracts, mutual funds, pooled investment funds, or other investment vehicles under the deferred compensation program. (b) The payments and deferrals shall not be construed to be a prohibited use of the general assets of the state, county, city, town, or other political subdivision. Acts 1975, No. 669, § 5; 1977, No. 937, § 3; A.S.A. 1947, § 12-1622; Acts 1999, No. 1280, § 15; 2001, No. 1596, § 3; 2007, No. 1009, § 16.

(a) Notwithstanding any other provision of law to the contrary, the Director of the Employee Benefits Division or the appropriate officer of the county, city, town, or other political subdivision designated to administer the deferred compensation program is authorized: (1) To make payments of premiums for the purchase of annuity contracts under the deferred compensation program; and (2) To make deferrals to a trustee or custodian holding fixed or variable life insurance contracts, annuity contracts, mutual funds, pooled investment funds, or other investment vehicles under the deferred compensation program.

(1) To make payments of premiums for the purchase of annuity contracts under the deferred compensation program; and

(2) To make deferrals to a trustee or custodian holding fixed or variable life insurance contracts, annuity contracts, mutual funds, pooled investment funds, or other investment vehicles under the deferred compensation program.

(b) The payments and deferrals shall not be construed to be a prohibited use of the general assets of the state, county, city, town, or other political subdivision.

Collected 2026-09-17T21:35:43Z. Source file · JSON

Compilation CC BY 4.0, Open US Law (Vaquill AI). GroundRules uses only the releases published under CC BY 4.0: from v2026.09 the compilation is licensed CC BY-NC 4.0, and GroundRules does not use those releases. Each affected row names its release in its vintage label. GroundRules parsed and filtered the compilation to retain enacted text. Source · License

Arkansas electronic product files were republished by Public.Resource.Org under a public-domain mark. GroundRules uses enacted text from Release 78 only as a labeled supplement to the newer Open US Law rows. Source

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