Browse Arkansas Code titles and sections
14-167-215. Refunding bonds.
Arkansas Code — all titles (historical 2020) · legal_authorities
14-167-215. Refunding bonds.
(a)(1) Bonds may be issued for the purpose of refunding any obligations issued under this subchapter.
(2) Refunding bonds may be combined with bonds issued under the provisions of §§ 14-167-207 — 14-167-213 into a single issue.
(b)(1) When bonds are issued under this section for refunding purposes, the bonds may either be sold or delivered in exchange for the outstanding obligations.
(2) If sold, the proceeds may be either applied to the payment of the obligations refunded or deposited in escrow for the retirement of them.
(c)(1) All bonds issued under this section shall, in all respects, be authorized, issued, and secured in the manner provided for other bonds issued under this subchapter and shall have all the attributes of such bonds.
(2) The ordinance under which refunding bonds are issued may provide that any of the refunding bonds shall have the same priority of lien on the revenues pledged for their payment as was enjoyed by the obligations refunded by them.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 14-167-215
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.
Issuing source page ↗
Authority boundary: historical statutory source snapshot not current law.
Open the recorded source website ↗
Record provenance
Stable record: arkansas_code:legal_authorities:14-167-215
Source file: gov.ar.code.title.14.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 1fe34453635cd6ed7baa145dfde5ade7dbd5b3afc918c0ac135b39d3419aac87
Source location: content.xml paragraph 39093
Stored source content
14-167-215. Refunding bonds.
(a)(1) Bonds may be issued for the purpose of refunding any obligations issued under this subchapter.
(2) Refunding bonds may be combined with bonds issued under the provisions of §§ 14-167-207 — 14-167-213 into a single issue.
(b)(1) When bonds are issued under this section for refunding purposes, the bonds may either be sold or delivered in exchange for the outstanding obligations.
(2) If sold, the proceeds may be either applied to the payment of the obligations refunded or deposited in escrow for the retirement of them.
(c)(1) All bonds issued under this section shall, in all respects, be authorized, issued, and secured in the manner provided for other bonds issued under this subchapter and shall have all the attributes of such bonds.
(2) The ordinance under which refunding bonds are issued may provide that any of the refunding bonds shall have the same priority of lien on the revenues pledged for their payment as was enjoyed by the obligations refunded by them.
Cross-references
Connections may be documented source relationships, shared citations or nearby passages. Each explains its basis; a connection alone does not establish applicability to your situation.
Arkansas Code — all titles (historical 2020) · legal_authorities
14-167-207. Bonds — Issuance generally.
The issuance of bonds shall be by ordinance of the municipality or county.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 14-167-207
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. The source passage cites 14-167-207. This identifies an authority to review, not proof of applicability.
Arkansas Code — all titles (historical 2020) · legal_authorities
14-167-213. Bonds — Priority among issues.
Priority between and among issues and successive issues as to security of the pledge of revenues and lien on the energy project involved may be controlled by the ordinance authorizing the issuance of bonds under this subchapter.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 14-167-213
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. The source passage cites 14-167-213. This identifies an authority to review, not proof of applicability.