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109.00.4-IV. ACCEPTABLE PORTFOLIO INVESTMENTS.

AR ADC 109.00.4-IVArkansas Administrative Code

West's Arkansas Administrative Code
Title 109. Development Finance Authority
Division 00.
Rule 4. Investment Policy - General Fund
Ark. Admin. Code 109.00.4-IV
109.00.4-IV. ACCEPTABLE PORTFOLIO INVESTMENTS.
Currentness
The Authority will limit its investments to the following types of securities:
A. U.S. Government Securities;
B. U.S. Federal Agency Securities;
C. Mortgage-Backed Securities issued by:
(1) Federal National Mortgage Association;
(2) Government National Mortgage Association;
(3) Federal Home Loan Mortgage Corporation; or
(4) Other Private Issuers-Security must be rated at least “AAA [FN1];”
D. State, County, and Municipal Securities:
(1) General Obligation Bonds;
(2) Industrial Development Revenue Bonds; and
(3) Municipal Revenue Bonds; and
E. Domestic Certificates of Deposit and Money Market Funds
[FN1]
The ratings referenced throughout this policy are according to Standard & Poor's. In the event the security is rated by another rating agency, the rating should be equivalent to that indicated here.
Current with amendments received through February 15, 2024. Some sections may be more current, see credit for details.
Ark. Admin. Code 109.00.4-IV, AR ADC 109.00.4-IV
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