Ark. Code Ann. § 15-20-1305: Purpose of bonds
Where this section sits in the code
- AR Code
- Title 15
- Chapter 20
- Subchapter 13
Bonds issued under this subchapter shall be issued to finance on a temporary or permanent basis or to refinance and develop one (1) or more projects, and the proceeds of the bonds shall be applied to the payment of project costs and the costs and expenses of issuance of the bonds, or in connection with a project refinancing, the repayment of indebtedness incurred to pay project costs, or for refunding of bonds as provided in § 15-20-1313 .
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