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15-4-3008. Purpose of bonds.
Arkansas Code — all titles (historical 2020) · legal_authorities
15-4-3008. Purpose of bonds.
(a) Bonds shall be issued for the purpose of financing superprojects.
(b) The proceeds of the bonds shall be applied:
(1) To the payment of project costs and the costs and expenses of issuance of the bonds;
(2) In connection with a superproject refinancing, to the repayment of indebtedness incurred to pay project costs; or
(3) For refunding of bonds as provided in this subchapter.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 15-4-3008
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:15-4-3008
Source file: gov.ar.code.title.15.odt
Pages: Not recorded – Not recorded
Passage SHA-256: c7ef587a7fa449541bad7af4f3f53c394930621d8f2758d473b3834910a1935f
Source location: content.xml paragraph 5221
Stored source content
15-4-3008. Purpose of bonds.
(a) Bonds shall be issued for the purpose of financing superprojects.
(b) The proceeds of the bonds shall be applied:
(1) To the payment of project costs and the costs and expenses of issuance of the bonds;
(2) In connection with a superproject refinancing, to the repayment of indebtedness incurred to pay project costs; or
(3) For refunding of bonds as provided in this subchapter.
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