This subpart applies to the investment of all State Treasury funds managed by the Treasurer of State, with the following exceptions:

1. (1) The State Treasury Certificate of Deposit Investment Program, which is governed by Arkansas Code § 19-3-519 and 19 CAR § 11-301 et seq.;

2. (2) The State Treasury Money Management Trust, which is governed by:

   1. (A) The State Treasury Money Management Trust Act, Arkansas Code §§ 19-3-601 – 19-3-606;
   2. (B) Arkansas Code § 19-4-803; and
   3. (C) The State Treasury Money Management Trust Policies and Procedures Manual, 19 CAR pt. 12; and
3. (3) Trust funds required to be invested in certificates of deposit as governed by Arkansas Code § 19-3-518(a).