Ark. Code § 24-2-207
Current with legislation from 2024 Fiscal and Special Sessions.
All assets and income of any retirement system of a city or other political subdivision of the State of Arkansas shall be held, invested, or disbursed for the exclusive purpose of providing for benefits, investment management, and administrative expenses and shall not be encumbered for or diverted to any other purposes.
Ark. Code § 24-2-207