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14-95-601. Pledge of revenues.
Arkansas Code — all titles (historical 2020) · legal_authorities
14-95-601. Pledge of revenues.
(a) On and after the effective date of this chapter, the Arkansas Development Finance Authority is authorized:
(1) To receive from an urban service district a pledge of revenues; and
(2) To package several programs of the districts from several counties and municipalities into a single bond issue to finance the various programs of the several districts.
(b) The authority is authorized to execute and deliver the pledges, resolutions, instruments, and other undertakings and writings and to take any action as may be appropriate to evidence the debt obligations and the security therefor and to carry out the purposes of this chapter.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 14-95-601
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:14-95-601
Source file: gov.ar.code.title.14.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 7f3285415271c24c29142084309ae0a65ed0d28a9fddd1aa9cc5487f02166c9b
Source location: content.xml paragraph 27129
Stored source content
14-95-601. Pledge of revenues.
(a) On and after the effective date of this chapter, the Arkansas Development Finance Authority is authorized:
(1) To receive from an urban service district a pledge of revenues; and
(2) To package several programs of the districts from several counties and municipalities into a single bond issue to finance the various programs of the several districts.
(b) The authority is authorized to execute and deliver the pledges, resolutions, instruments, and other undertakings and writings and to take any action as may be appropriate to evidence the debt obligations and the security therefor and to carry out the purposes of this chapter.
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