AR SB546

Amends Arkansas Code § 19-1-501 to add Israeli government bonds as eligible investment securities, defined as bonds guaranteed and backed by the full faith and credit of the government of Israel as sovereign debt.

Adds Arkansas Code § 19-3-523 authorizing the Treasurer of State to purchase bonds from the State of Israel using funds available for investment under existing subchapter provisions.

Maintains existing requirements that eligible investment securities must have a debt rating of "A" or better from a nationally recognized credit rating agency at the time of purchase.

Preserves existing eligible investment securities categories including direct U.S. obligations, obligations of U.S. government agencies, and bonds from Arkansas state, school district, county, and municipal governments.