Definition.
Ark. Code Ann. § 19-11-1301
in effectAs used in this subchapter, “partial equity ownership agreement” means an agreement with a legal entity, including without limitation a partnership, a limited partnership, a limited liability company, or similar legal entity that:
(1) Includes a state retirement system as a partner, a limited partner, or a partial owner;
(2) Creates an equity interest or ownership position for the state retirement system; and
(3) Utilizes retirement trust funds that are not appropriated by the General Assembly.
Source: Public.Resource.Org / UniCourt, Official Code of Arkansas Annotated, Release 78 (2020) (unicourt.github.io/cic-code-ar)URL: https://unicourt.github.io/cic-code-ar/transforms/ar/ocar/r78/gov.ar.code.title.19.htmlFetched: 11/8/2026