{"data":{"id":"us-ar/ark.-code-ann.-24-12-202","jurisdiction":"us-ar","citation":"Ark. Code Ann. § 24-12-202","heading":"Authority to employ investment advisor - Investment policy","body":"(a) A board of trustees of a city nonuniformed employees' pension plan with assets in excess of one hundred thousand dollars ($100,000) may employ an investment advisor as its agent to make investment recommendations and to invest the assets pursuant to a written board investment policy, provided that the governing body of the city declares such services professional services under § 19-11-806 [repealed], and subject to the terms, conditions, limitations, and restrictions imposed by law upon investments of state retirement systems as set forth in §§ 24-2-610 - 24-2-619 .\n\n(b) The investment policy shall not limit the investments to interest-bearing bonds.","path":["AR Code","Title 24","Chapter 12","Subchapter 2"],"source_url":"https://oss-data-us.vaquill.ai/v2026.08/us_ar_statutes.parquet","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:41Z","sha256":"c8defddde40c1d9253c40207c3ce9f80c42f4e0f1498c0c3dfecbdd737372c35","source_id":"us-ar","stale":false,"prev":"us-ar/ark.-code-ann.-24-12-201","next":"us-ar/ark.-code-ann.-24-12-203"},"notice":"GroundRules: Original legal text. Not legal advice."}