{"data":{"id":"us-ar/ark.-code-ann.-6-20-1229","jurisdiction":"us-ar","citation":"Ark. Code Ann. § 6-20-1229","heading":"Issuance of second-lien commercial bonds - Definitions","body":"(a) As used in this section: (1) \"Issue\", \"issuance\", or some variety thereof means the date upon which a second-lien bond is actually sold; and (2) \"Second-lien bond\" means a commercial bond issued under the authority set forth in § 26-80-106 . (b) All second-lien bonds issued by school districts shall have semiannual interest payments. Amended by Act 2017, No. 935,§ 2, eff. 8/1/2017. Acts 2001, No. 1220, § 18; 2005, No. 2121, § 15.\n\n(a) As used in this section: (1) \"Issue\", \"issuance\", or some variety thereof means the date upon which a second-lien bond is actually sold; and (2) \"Second-lien bond\" means a commercial bond issued under the authority set forth in § 26-80-106 .\n\n(1) \"Issue\", \"issuance\", or some variety thereof means the date upon which a second-lien bond is actually sold; and\n\n(2) \"Second-lien bond\" means a commercial bond issued under the authority set forth in § 26-80-106 .\n\n(b) All second-lien bonds issued by school districts shall have semiannual interest payments.","path":["AR Code","Title 6","Chapter 20","Subchapter 12"],"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":"15a2ca973d85f5ca34505e1bb7a5c878f029839041b814dc25bbf8b09e0b3dde","source_id":"us-ar","stale":false,"prev":"us-ar/ark.-code-ann.-6-20-1228","next":"us-ar/ark.-code-ann.-6-20-1401"},"notice":"GroundRules: Original legal text. Not legal advice."}