{"data":{"id":"us-ar/ark.-code-ann.-14-78-102","jurisdiction":"us-ar","citation":"Ark. Code Ann. § 14-78-102","heading":"Definitions","body":"As used in this chapter, unless the context otherwise requires:\n\n(1) \"Chief executive\" means the mayor of a municipality or the county judge of a county;\n\n(2) \"County\" means any county in the State of Arkansas;\n\n(3) \"Issue\" means, depending on the type of obligation, to issue, enter into, or incur;\n\n(4) \"Issue date\" means the date on which the obligation commences to bear interest;\n\n(5) \"Issuer\" means a municipality or a county;\n\n(6) \"Legislative body\" means the quorum court of a county or the council, board of directors, board of commissioners, or similar elected governing body of a municipality;\n\n(7) \"Mortgage lien\" means a lien on or security interest in real property or personal property, financed or refinanced, in whole or in part, with the proceeds of obligations;\n\n(8) \"Obligations\" means short-term financing obligations;\n\n(9) \"Short-term financing agreement\" means any loan agreement, line of credit agreement, note purchase agreement, security agreement, mortgage, trust indenture, or other agreement, other than the short-term financing obligation itself, pursuant to which a short-term financing obligation is secured, sold, or otherwise provided for; and\n\n(10) \"Short-term financing obligations\" means \"short-term financing obligations\" within the meaning of Arkansas Constitution, Amendment 78.","path":["AR Code","Title 14","Chapter 78"],"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 2026-09-14","retrieved_at":"2026-09-14T18:32:41Z","sha256":"a78e69a12ee600b1051030be43c597582e06db2d95e24ffead84c6461548f539","source_id":"us-ar","stale":false,"prev":"us-ar/ark.-code-ann.-14-78-101","next":"us-ar/ark.-code-ann.-14-78-103"},"notice":"GroundRules: Original legal text. Not legal advice."}