Browse Arkansas Code titles and sections
15-4-3011. Sale and price of bonds.
Arkansas Code — all titles (historical 2020) · legal_authorities
15-4-3011. Sale and price of bonds.
(a) The bonds may be sold in the manner, either at public or private sale, and upon terms as determined by the Arkansas Development Finance Authority to be reasonable and expedient for effectuating the purposes of this subchapter.
(b) The bonds may be sold at the price the authority determines acceptable, including sale at a discount.
(c) The authority may employ administrative agents, fiscal agents, underwriters, architects, accountants, engineers, and legal counsel and may pay them reasonable compensation from the proceeds of the bonds.
(d) The proceeds from the sale of the bonds may be used to pay:
(1) The fees of any trustee or paying agent;
(2) The costs of publication of notices;
(3) The costs of publication of the printing of the bonds;
(4) The costs of publication of official statements and other documents relating to the sale of the bonds;
(5) The fees of any rating agency; and
(6) Other reasonable costs incurred by the authority for issuing and selling the bonds.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 15-4-3011
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:15-4-3011
Source file: gov.ar.code.title.15.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 6149b9eecbfcb2a4775bb22fd8fe4616efbc9580543ca550196e2fab8e490820
Source location: content.xml paragraph 5256
Stored source content
15-4-3011. Sale and price of bonds.
(a) The bonds may be sold in the manner, either at public or private sale, and upon terms as determined by the Arkansas Development Finance Authority to be reasonable and expedient for effectuating the purposes of this subchapter.
(b) The bonds may be sold at the price the authority determines acceptable, including sale at a discount.
(c) The authority may employ administrative agents, fiscal agents, underwriters, architects, accountants, engineers, and legal counsel and may pay them reasonable compensation from the proceeds of the bonds.
(d) The proceeds from the sale of the bonds may be used to pay:
(1) The fees of any trustee or paying agent;
(2) The costs of publication of notices;
(3) The costs of publication of the printing of the bonds;
(4) The costs of publication of official statements and other documents relating to the sale of the bonds;
(5) The fees of any rating agency; and
(6) Other reasonable costs incurred by the authority for issuing and selling the bonds.
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.
No explicit source connection was found. This does not mean there are no relevant authorities.