{"data":{"id":"us-ar/ark.-code-ann.-27-64-204","jurisdiction":"us-ar","citation":"Ark. Code Ann. § 27-64-204","heading":"Authorization - Purposes","body":"The State Highway Commission is hereby authorized, subject to the approval of the voters in a statewide election, to issue bonds to be known as State of Arkansas Federal Highway Grant Anticipation and Tax Revenue Bonds in a total principal amount not to exceed five hundred seventy-five million dollars ($575,000,000) for the purpose of:\n\n(1) Accelerating certain highway improvement projects already underway or scheduled;\n\n(2) Funding new highway improvement projects;\n\n(3) Financing the restoration, reconstruction, and renovation of highway improvements within the State of Arkansas; and\n\n(4) Paying the costs of issuance of the bonds, including the costs of bond issuance or other credit enhancement.","path":["AR Code","Title 27","Chapter 64","Subchapter 2"],"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":"2c3498c4486e0be52edebfabe5e814563ff69f6cecd992048cd079e6e1fe0597","source_id":"us-ar","stale":false,"prev":"us-ar/ark.-code-ann.-27-64-203","next":"us-ar/ark.-code-ann.-27-64-205"},"notice":"GroundRules: Original legal text. Not legal advice."}