Arkansas Code Title 24. Retirement and Pensions § 24-2-607. Investment authority and limitations--Trust account

(1) All employer contributions, including any interest;

(2) All employee contributions, including any interest;

(3) Interest, dividend, and other incomes realized from investments and reinvestments;

(4) Interest earned upon any moneys in the fund; and

(5) Such other proceeds as may be derived from the sale, exchange, redemption, transfer, or disposition of any securities or investments.

(1) Payments for all securities and investments, the purchase of which is authorized by law, which may include principal, accrued interest, commission, taxes, and fees;

(2) Payments for money manager and custodian bank fees;

(3) The deposit to the appropriate State Treasury fund for the payment of annuities and refunds as authorized by law that are paid on vouchers issued by the respective retirement systems and on warrants issued thereon by the Auditor of State;

(4) The payment of annuities and refunds as authorized by law that are paid on cash fund vouchers issued by the respective retirement systems and on checks or wire transfers issued from bank funds; and

(5) The deposit to the appropriate State Treasury fund for the payments of salaries, maintenance, and operating expenses of the retirement systems supported from investment earnings.