# Ark. Code Ann. § 19-3-509: Maximum amount of deposits and investments - Protection of State Treasury funds

> Arkansas · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_AR_T19_C3_S5_S19-3-509

## Section

- **Citation:** Ark. Code Ann. § 19-3-509
- **Heading:** Maximum amount of deposits and investments - Protection of State Treasury funds
- **Jurisdiction:** Arkansas
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** AR Code / Title 19 / Chapter 3 / Subchapter 5 / Section 19-3-509

## Text

(a) The maximum amount of moneys and securities from the State Treasury held by a bank depository shall not exceed an amount equal to the total amount of the capital base of the bank depository. (b) An investment depository and a securities broker shall provide the Treasurer of State and State Board of Finance proof of: (1) Securities investor protection coverage for each investment of State Treasury funds; and (2) Compliance with fidelity bond requirements of the United States Securities and Exchange Commission. Amended by Act 2013, No. 1088,§ 2, eff. 8/16/2013. Acts 1997, No. 847, § 1.

(a) The maximum amount of moneys and securities from the State Treasury held by a bank depository shall not exceed an amount equal to the total amount of the capital base of the bank depository.

(b) An investment depository and a securities broker shall provide the Treasurer of State and State Board of Finance proof of: (1) Securities investor protection coverage for each investment of State Treasury funds; and (2) Compliance with fidelity bond requirements of the United States Securities and Exchange Commission.

(1) Securities investor protection coverage for each investment of State Treasury funds; and

(2) Compliance with fidelity bond requirements of the United States Securities and Exchange Commission.

Amended by Act 2013, No. 1088,§ 2, eff. 8/16/2013.

Acts 1997, No. 847, § 1.

## Nearby sections

- [Ark. Code Ann. § 19-3-501 Title](https://www.frixlaw.com/law-library/statutes/STATE_AR_T19_C3_S5_S19-3-501.md)
- [Ark. Code Ann. § 19-3-502 Definitions](https://www.frixlaw.com/law-library/statutes/STATE_AR_T19_C3_S5_S19-3-502.md)
- [Ark. Code Ann. § 19-3-503 State Treasury accounts](https://www.frixlaw.com/law-library/statutes/STATE_AR_T19_C3_S5_S19-3-503.md)
- [Ark. Code Ann. § 19-3-504 Record and report of financial transactions](https://www.frixlaw.com/law-library/statutes/STATE_AR_T19_C3_S5_S19-3-504.md)
- [Ark. Code Ann. § 19-3-505 Disposition of moneys received by Treasurer of State](https://www.frixlaw.com/law-library/statutes/STATE_AR_T19_C3_S5_S19-3-505.md)
- [Ark. Code Ann. § 19-3-506 Custodian of moneys and securities - Internal controls - Annual audit](https://www.frixlaw.com/law-library/statutes/STATE_AR_T19_C3_S5_S19-3-506.md)
- [Ark. Code Ann. § 19-3-507 Bank depositories generally](https://www.frixlaw.com/law-library/statutes/STATE_AR_T19_C3_S5_S19-3-507.md)
- [Ark. Code Ann. § 19-3-508 Deposits in ineligible institutions](https://www.frixlaw.com/law-library/statutes/STATE_AR_T19_C3_S5_S19-3-508.md)
- [Ark. Code Ann. § 19-3-509 Maximum amount of deposits and investments - Protection of State Treasury funds](https://www.frixlaw.com/law-library/statutes/STATE_AR_T19_C3_S5_S19-3-509.md)
- [Ark. Code Ann. § 19-3-510 Types of accounts for deposits](https://www.frixlaw.com/law-library/statutes/STATE_AR_T19_C3_S5_S19-3-510.md)
- [Ark. Code Ann. § 19-3-511 Term of deposit - Interest](https://www.frixlaw.com/law-library/statutes/STATE_AR_T19_C3_S5_S19-3-511.md)
- [Ark. Code Ann. § 19-3-512 Estimate and investment of funds not needed for immediate cash requirements](https://www.frixlaw.com/law-library/statutes/STATE_AR_T19_C3_S5_S19-3-512.md)
- [Ark. Code Ann. § 19-3-513 Interest income on deposits](https://www.frixlaw.com/law-library/statutes/STATE_AR_T19_C3_S5_S19-3-513.md)
- [Ark. Code Ann. § 19-3-514 List of deposits](https://www.frixlaw.com/law-library/statutes/STATE_AR_T19_C3_S5_S19-3-514.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_AR_T19_C3_S5_S19-3-509. Check the current official text before relying on it. Not legal advice.