AR HB1762

Redefines "eligible investment securities" to include U.S. obligations, federal agency securities, and state/local government bonds rated "A" or better by nationally recognized credit rating agencies.

Expands investment authority for county treasurers and other public entities to invest in certificates of deposit, local government joint investment trusts, and repurchase agreements in addition to U.S. bonds.

Permits cities with real property assessed valuation exceeding $300,000,000 to invest funds under § 23-47-401 with maturity terms exceeding the standard five-year limit, subject to adopted investment policy.

Allows school districts to invest in U.S. bonds, federal agency obligations, Arkansas state bonds, and bank certificates of deposit as directed by school board.

Establishes investment standards requiring "prudent man" judgment prioritizing preservation of principal, liquidity, and yield; repeals prior legislative findings on municipal investment authority.