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12-41-709. Bonds — Sale — Disposition of proceeds.
Arkansas Code — all titles (historical 2020) · legal_authorities
12-41-709. Bonds — Sale — Disposition of proceeds.
(a) The bonds may be sold in such manner and at such prices, including sale at discount, as the county jail board, municipal jail board, or public instrumentality jail board may accept.
(b) The proceeds derived from the sale of revenue bonds by the board under the provisions of this subchapter shall be deposited into a board jail fund and shall be used for the purposes of constructing or expanding jails, and for all other expenses incidental to the issuance of the bonds, as authorized in this subchapter.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 12-41-709
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:12-41-709
Source file: gov.ar.code.title.12.odt
Pages: Not recorded – Not recorded
Passage SHA-256: fcfa95c12ed31c95054a93bf8210e0cf95f136ace2316fda3481b3c07c7809cb
Source location: content.xml paragraph 15439
Stored source content
12-41-709. Bonds — Sale — Disposition of proceeds.
(a) The bonds may be sold in such manner and at such prices, including sale at discount, as the county jail board, municipal jail board, or public instrumentality jail board may accept.
(b) The proceeds derived from the sale of revenue bonds by the board under the provisions of this subchapter shall be deposited into a board jail fund and shall be used for the purposes of constructing or expanding jails, and for all other expenses incidental to the issuance of the bonds, as authorized in this subchapter.
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