AR HB1464

Renames the "State Treasury Money Management Fund" to the "State Treasury Money Management Trust" throughout Arkansas Code §§ 19-3-602 through 19-3-606.

Authorizes the Treasurer of State to invest or deposit funds in securities within the trust, with collateralization required at 102% of full market value using cash or U.S. Government obligations.

Allows participants (state agencies, local governments, and the State Treasury) to deposit money at will and withdraw up to their account balance upon demand, with penalties for early withdrawal charged to the requesting participant.

Establishes that the State Board of Finance shall set reasonable charges and fees for trust administration and management, which are deposited into a fund for the benefit of the Treasurer of State.

Declares an emergency clause allowing immediate implementation to enable the Treasurer of State to take advantage of investment opportunities and benefit the state and public entities.