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14-232-104. Revenue bonds — Power to issue — Amount.
Arkansas Code — all titles (historical 2020) · legal_authorities
14-232-104. Revenue bonds — Power to issue — Amount.
(a) Counties and municipalities are authorized to use any available revenues for the accomplishment of the purposes set forth in § 14-232-103(a), including the proceeds of revenue bonds issued under the authority of this chapter, either alone or together with other available funds and revenues.
(b) The amount of revenue bonds issued shall be sufficient to pay:
(1) The cost of accomplishing the specified purposes;
(2) The cost of issuing bonds;
(3) The amount necessary for a reserve, if desirable;
(4) The amount necessary to provide for debt service on bonds until revenues for the payment thereof are available; and
(5) Any other costs and expenditures of whatever nature incidental to the accomplishment of the specified purposes.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 14-232-104
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:14-232-104
Source file: gov.ar.code.title.14.odt
Pages: Not recorded – Not recorded
Passage SHA-256: d0d93b0e81dcb8b7738977ce5417b04cb7044a0a77ace711ac73e0473bcb9096
Source location: content.xml paragraph 47482
Stored source content
14-232-104. Revenue bonds — Power to issue — Amount.
(a) Counties and municipalities are authorized to use any available revenues for the accomplishment of the purposes set forth in § 14-232-103(a), including the proceeds of revenue bonds issued under the authority of this chapter, either alone or together with other available funds and revenues.
(b) The amount of revenue bonds issued shall be sufficient to pay:
(1) The cost of accomplishing the specified purposes;
(2) The cost of issuing bonds;
(3) The amount necessary for a reserve, if desirable;
(4) The amount necessary to provide for debt service on bonds until revenues for the payment thereof are available; and
(5) Any other costs and expenditures of whatever nature incidental to the accomplishment of the specified purposes.
Cross-references
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Arkansas Code — all titles (historical 2020) · legal_authorities
14-232-103. General powers of counties and municipalities.
(a) Any county or municipality in this state is authorized to own, acquire, construct, reconstruct, extend, equip, improve, operate, maintain, sell, lease, contract concerning, or otherwise deal in facilities of any nature necessary or desirable for the control, collection, removal, reduction, disposal, treatment, or other handling of refuse. Each undertaking by a county or municipality under this chapter may sometimes be referred to as a “project.”
(b) Counties and municipalities are authorized to prescribe, by order or ordinance, reasonable rules and regulations necessary or appropriate to the control, collection, removal, reduction, disposal, treatment, and handling of refuse.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 14-232-103
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 14-232-103. This identifies an authority to review, not proof of applicability.