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15-4-3021. Vote on issuance of bonds by qualified electors.
Arkansas Code — all titles (historical 2020) · legal_authorities
15-4-3021. Vote on issuance of bonds by qualified electors.
(a) If a majority of the qualified electors voting on the question vote for the issuance of the bonds, the Arkansas Development Finance Authority shall proceed with the sale and the issuance of the bonds as provided in this subchapter.
(b) If a majority of the qualified electors voting on the question vote against the issuance of the bonds, none of the bonds authorized by this subchapter shall ever be sold or issued.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 15-4-3021
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:15-4-3021
Source file: gov.ar.code.title.15.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 5dc829787256fdb88a08224da2a92d9abf03b9bbb75daa7a9110d29b4278a935
Source location: content.xml paragraph 5396
Stored source content
15-4-3021. Vote on issuance of bonds by qualified electors.
(a) If a majority of the qualified electors voting on the question vote for the issuance of the bonds, the Arkansas Development Finance Authority shall proceed with the sale and the issuance of the bonds as provided in this subchapter.
(b) If a majority of the qualified electors voting on the question vote against the issuance of the bonds, none of the bonds authorized by this subchapter shall ever be sold or issued.
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