AR SB480

Removes several categories of authorized state fund investments, including State Board of Education obligations, political subdivision warrants, prerefunded municipal bonds, federal funds sales, and FDIC-insured deposits at U.S. depository institutions

Reduces the credit rating requirement for corporate obligations from two nationally recognized rating organizations to one

Eliminates the requirement that securities purchases by the Treasurer of State use a competitive bidding procedure

Allows the Treasurer of State to transfer or credit interest earned on State Treasury funds to fund participants, rather than only transferring (adds "or credit" option)

Enacted as Act 739 of the 2025 Regular Session, approved April 17, 2025