Ark. Code Ann. § 23-18-1205: Rural Broadband I.D. Expenses Trust Fund Grant Program - Investment of funds

(a) (1) The Treasurer of State shall invest the moneys available in the Rural Broadband I.D. Expenses Trust Fund. (2) The investment of funds under this section is exempt from § 19-3-518(a)(2)(B)(i) (b) and (c) . (b) Moneys in the Rural Broadband I.D. Expenses Trust Fund may be invested in any instrument that is: (1) Listed in § 19-3-518(b)(1)(B) ; and (2) Approved under the guidelines established by the State Treasury investment policy approved by the State Board of Finance. (c) Assuming reauthorization of the Rural Broadband I.D. Expenses Trust Fund by the General Assembly, moneys remaining in the Rural Broadband I.D. Expenses Trust Fund at the end of each fiscal year shall carry forward and be made available for the purposes stated in this section in the next fiscal year. Added by Act 2023, No. 875,§ 28, eff. 7/1/2023.

(a) (1) The Treasurer of State shall invest the moneys available in the Rural Broadband I.D. Expenses Trust Fund. (2) The investment of funds under this section is exempt from § 19-3-518(a)(2)(B)(i) (b) and (c) .

(1) The Treasurer of State shall invest the moneys available in the Rural Broadband I.D. Expenses Trust Fund.

(2) The investment of funds under this section is exempt from § 19-3-518(a)(2)(B)(i) (b) and (c) .

(b) Moneys in the Rural Broadband I.D. Expenses Trust Fund may be invested in any instrument that is: (1) Listed in § 19-3-518(b)(1)(B) ; and (2) Approved under the guidelines established by the State Treasury investment policy approved by the State Board of Finance.

(1) Listed in § 19-3-518(b)(1)(B) ; and

(2) Approved under the guidelines established by the State Treasury investment policy approved by the State Board of Finance.

(c) Assuming reauthorization of the Rural Broadband I.D. Expenses Trust Fund by the General Assembly, moneys remaining in the Rural Broadband I.D. Expenses Trust Fund at the end of each fiscal year shall carry forward and be made available for the purposes stated in this section in the next fiscal year.