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14-168-316. Redevelopment bonds or notes — Authorizing resolution.
Arkansas Code — all titles (historical 2020) · legal_authorities
14-168-316. Redevelopment bonds or notes — Authorizing resolution.
(a) Redevelopment bonds and notes shall be authorized by ordinance of the local governing body.
(b)(1) The ordinance shall state the name of the redevelopment project district, the amount of bonds or notes authorized, and the interest rate to be borne by the bonds or notes.
(2) The ordinance may prescribe the terms, form, and content of the bonds or notes and such other matters as the local governing body deems useful, or it may include by reference the terms and conditions set forth in a trust indenture or other document securing the redevelopment bonds.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 14-168-316
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:14-168-316
Source file: gov.ar.code.title.14.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 631de9ff06075570423193341a5a1f8f71801c1e1d2d9bcf91716844b2ef9743
Source location: content.xml paragraph 39497
Stored source content
14-168-316. Redevelopment bonds or notes — Authorizing resolution.
(a) Redevelopment bonds and notes shall be authorized by ordinance of the local governing body.
(b)(1) The ordinance shall state the name of the redevelopment project district, the amount of bonds or notes authorized, and the interest rate to be borne by the bonds or notes.
(2) The ordinance may prescribe the terms, form, and content of the bonds or notes and such other matters as the local governing body deems useful, or it may include by reference the terms and conditions set forth in a trust indenture or other document securing the redevelopment bonds.
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