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109.00.4-V. ACCEPTABLE MATURITY RANGES AND DISTRIBUTIONS.

AR ADC 109.00.4-VArkansas 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-V
109.00.4-V. ACCEPTABLE MATURITY RANGES AND DISTRIBUTIONS.
Currentness
The following represents acceptable maturity ranges, or, in the case of mortgage backed securities, average life, for each type of security:
Type of Security
Fixed Rate (Years)
Variable Rate (Years)
U.S. Government Securities
0 to 7
10
U.S. Federal Agency Securities
0 to 7
10
Mortgage-Backed Securities
0 to 7
12
State, County and Municipal Securities
0 to 15
--
Domestic Certificates of Deposit and Money Market Funds
0 to 5
--
A balanced maturity distribution of the securities portfolio will be sought in order to minimize interest risk exposure. The maturity distribution, however, can fluctuate to take advantage of changing market conditions but will be maintained in line with general objectives.
Current with amendments received through February 15, 2024. Some sections may be more current, see credit for details.
Ark. Admin. Code 109.00.4-V, AR ADC 109.00.4-V
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