GroundRules
Ark. Code Ann. § 15-4-3008: Purpose of bonds
Where this section sits in the code
- AR Code
- Title 15
- Chapter 4
- Subchapter 30
(a) Bonds shall be issued for the purpose of financing superprojects. (b) The proceeds of the bonds shall be applied: (1) To the payment of project costs and the costs and expenses of issuance of the bonds; (2) In connection with a superproject refinancing, to the repayment of indebtedness incurred to pay project costs; or (3) For refunding of bonds as provided in this subchapter. Acts 2003, No. 1751, § 8.
(a) Bonds shall be issued for the purpose of financing superprojects.
(b) The proceeds of the bonds shall be applied: (1) To the payment of project costs and the costs and expenses of issuance of the bonds; (2) In connection with a superproject refinancing, to the repayment of indebtedness incurred to pay project costs; or (3) For refunding of bonds as provided in this subchapter.
(1) To the payment of project costs and the costs and expenses of issuance of the bonds;
(2) In connection with a superproject refinancing, to the repayment of indebtedness incurred to pay project costs; or
(3) For refunding of bonds as provided in this subchapter.
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Arkansas electronic product files were republished by Public.Resource.Org under a public-domain mark. GroundRules uses enacted text from Release 78 only as a labeled supplement to the newer Open US Law rows. Source