{"data":{"id":"us-ar/ark.-code-ann.-14-144-303","jurisdiction":"us-ar","citation":"Ark. Code Ann. § 14-144-303","heading":"Issuance of revenue bonds - Indenture","body":"(a) The resolution authorizing the bonds may provide for the execution by the research park authority of an indenture that defines the rights of the holders and registered owners of the bonds and provides for the appointment of a trustee for the holders and registered owners of the bonds. (b) The indenture may control the priority between successive issues and may contain any other terms, covenants, and conditions that are deemed desirable, including without limitation those pertaining to: (1) The custody and application of the proceeds of the bonds; (2) The collection and disposition of revenues; (3) The maintenance of various funds and reserves; (4) The imposition and maintenance of taxes, fees, rates, and charges for the use of the research park and other facilities of the authority; (5) The nature and extent of the security; (6) The rights, duties, and obligations of the authority and the trustee; and (7) The rights of the holders and registered owners of the bonds. Acts 2007, No. 1045, § 1.\n\n(a) The resolution authorizing the bonds may provide for the execution by the research park authority of an indenture that defines the rights of the holders and registered owners of the bonds and provides for the appointment of a trustee for the holders and registered owners of the bonds.\n\n(b) The indenture may control the priority between successive issues and may contain any other terms, covenants, and conditions that are deemed desirable, including without limitation those pertaining to: (1) The custody and application of the proceeds of the bonds; (2) The collection and disposition of revenues; (3) The maintenance of various funds and reserves; (4) The imposition and maintenance of taxes, fees, rates, and charges for the use of the research park and other facilities of the authority; (5) The nature and extent of the security; (6) The rights, duties, and obligations of the authority and the trustee; and (7) The rights of the holders and registered owners of the bonds.\n\n(1) The custody and application of the proceeds of the bonds;\n\n(2) The collection and disposition of revenues;\n\n(3) The maintenance of various funds and reserves;\n\n(4) The imposition and maintenance of taxes, fees, rates, and charges for the use of the research park and other facilities of the authority;\n\n(5) The nature and extent of the security;\n\n(6) The rights, duties, and obligations of the authority and the trustee; and\n\n(7) The rights of the holders and registered owners of the bonds.","path":["AR Code","Title 14","Chapter 144","Subchapter 3"],"source_url":"https://oss-data-us.vaquill.ai/v2026.08/us_ar_statutes.parquet","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-17","retrieved_at":"2026-09-17T21:35:43Z","sha256":"32e5857301dca5687133d620b03626209b63c94360e57826463627892c74e7f0","source_id":"us-ar","stale":false,"prev":"us-ar/ark.-code-ann.-14-144-302","next":"us-ar/ark.-code-ann.-14-144-304","notices":[{"id":"open-us-law","title":"Open US Law compilation","text":"Compilation CC BY 4.0, Open US Law (Vaquill AI). GroundRules uses only the releases published under CC BY 4.0: from v2026.09 the compilation is licensed CC BY-NC 4.0, and GroundRules does not use those releases. Each affected row names its release in its vintage label. GroundRules parsed and filtered the compilation to retain enacted text.","url":"https://huggingface.co/datasets/vaquill/open-us-law","license_url":"https://creativecommons.org/licenses/by/4.0/"},{"id":"pro-ar","title":"Arkansas Release 78 supplement","text":"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.","url":"https://archive.org/details/gov.ar.code"}]},"notice":"GroundRules: Original legal text. Not legal advice."}