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12-41-705. Bonds — Authority to issue.
Arkansas Code — all titles (historical 2020) · legal_authorities
12-41-705. Bonds — Authority to issue.
The county jail board, municipal jail board, or public instrumentality jail board is authorized and empowered to issue bonds at one (1) time or in series from time to time and to use the proceeds thereof, together with any other funds, for financing the cost of construction, renovation, expansion of the jail together with all expenses incidental to and reasonably necessary in connection therewith, the expenses of the issuance of the bonds, the creating and maintenance of reserves to secure the payment of the bonds if the board deems it necessary or desirable, and for providing for the payment of the interest on the bonds if necessary or desirable until sufficient funds are available therefor out of pledged revenues.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 12-41-705
Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. A text match is a research starting point; applicability is not established.
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Record provenance
Stable record: arkansas_code:legal_authorities:12-41-705
Source file: gov.ar.code.title.12.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 79f1ba6df2e178a1bb839d19a60a4794eb2e79b9ba56a77bf6987f7d07f1196c
Source location: content.xml paragraph 15400
Stored source content
12-41-705. Bonds — Authority to issue.
The county jail board, municipal jail board, or public instrumentality jail board is authorized and empowered to issue bonds at one (1) time or in series from time to time and to use the proceeds thereof, together with any other funds, for financing the cost of construction, renovation, expansion of the jail together with all expenses incidental to and reasonably necessary in connection therewith, the expenses of the issuance of the bonds, the creating and maintenance of reserves to secure the payment of the bonds if the board deems it necessary or desirable, and for providing for the payment of the interest on the bonds if necessary or desirable until sufficient funds are available therefor out of pledged revenues.
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