{"data":{"id":"us-ar/ark.-code-ann.-15-4-3008","jurisdiction":"us-ar","citation":"Ark. Code Ann. § 15-4-3008","heading":"Purpose of bonds","body":"(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.\n\n(a) Bonds shall be issued for the purpose of financing superprojects.\n\n(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.\n\n(1) To the payment of project costs and the costs and expenses of issuance of the bonds;\n\n(2) In connection with a superproject refinancing, to the repayment of indebtedness incurred to pay project costs; or\n\n(3) For refunding of bonds as provided in this subchapter.","path":["AR Code","Title 15","Chapter 4","Subchapter 30"],"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":"26554e1260627e0ffb667211d9a5c3cd29f50c61d68579a73426e94453cada73","source_id":"us-ar","stale":false,"prev":"us-ar/ark.-code-ann.-15-4-3007","next":"us-ar/ark.-code-ann.-15-4-3009"},"notice":"GroundRules: Original legal text. Not legal advice."}