§ 20-7-410 - Investment of funds. - Arkansas Statutes

20-7-410. Investment of funds.

(a) All moneys held at any time in the State Board of Health Laboratory Revenue Fund and the State Board of Health Public Health Laboratory Construction Fund shall be invested and reinvested to the extent feasible, as directed by the Director of the Division of Health of the Department of Health and Human Services.

(b) All moneys held in the State Board of Health Laboratory Revenue Loan Fund shall be invested and reinvested to the extent feasible, as directed by the Arkansas Development Finance Authority, in securities which are eligible for the securing of public deposits under 19-8-203, subject in all cases to the term of the loan and of bonds issued by the authority.