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15-4-708. Sale of bonds.
Arkansas Code — all titles (historical 2020) · legal_authorities
15-4-708. Sale of bonds.
(a) The bonds shall be sold at public sale on sealed bids.
(b) Notice of the sale shall be published one (1) time a week for three (3) consecutive weeks in a newspaper published in the City of Little Rock and having a general circulation throughout the State of Arkansas, with the first publication to be at least twenty (20) days prior to the date of sale.
(c) The award, if made, shall be to the bidder whose bid results in the lowest net interest cost, determined by computing the aggregate interest cost at the rate bid and deducting any premium or adding the amount of any discount.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 15-4-708
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:15-4-708
Source file: gov.ar.code.title.15.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 01fbde12b165f52ef37f795e67d20accfedd85e337c30df093a432e650c12aaa
Source location: content.xml paragraph 2468
Stored source content
15-4-708. Sale of bonds.
(a) The bonds shall be sold at public sale on sealed bids.
(b) Notice of the sale shall be published one (1) time a week for three (3) consecutive weeks in a newspaper published in the City of Little Rock and having a general circulation throughout the State of Arkansas, with the first publication to be at least twenty (20) days prior to the date of sale.
(c) The award, if made, shall be to the bidder whose bid results in the lowest net interest cost, determined by computing the aggregate interest cost at the rate bid and deducting any premium or adding the amount of any discount.
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