Tuesday, March 14, 2017

Sen. Jason Rapert (R-Conway and Tel Aviv)

Posted By on Tue, Mar 14, 2017 at 11:42 AM

click to enlarge Sen. Jason Rapert - BRIAN CHILSON
  • Brian Chilson
  • Sen. Jason Rapert
Well. A friend in the securities business notes SB 546 by Sen. Jason Rapert, who left a securities business to turn attention to soliciting funds for his evangelical preaching business.

He'd put bonds of the state of Israel on a par with U.S. and local government obligations in investing money in the state treasury.

Rapert would add the sovereign debt of Israel as a worthy Arkansas investment to this list that now qualifies:

(1) A direct or guaranteed obligation of the United States that is backed by the full faith and credit of the United States Government;

(2) A direct obligation of an agency, instrumentality, or government-sponsored enterprise created by act of the United States Congress and authorized to issue securities or evidences of indebtedness, regardless of whether the securities or evidences of indebtedness are guaranteed for repayment by the United States Government; and

(3) A bond or other debt of the state, a school district, a county government, a municipal government, or an authority of a governmental entity that:

(A) Is issued for an essential governmental purpose or is  guaranteed by a state agency; and
(B) Has a debt rating from a nationally recognized credit rating agency of “A” or better at the time of purchase;




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